Markets.com sees Revenues drop 37% in First Half 2016 as restructuring hits bottom line LeapRate

August 25, 2016 BY LeapRate Staff

Markets.com sees Revenues drop 37% in First Half 2016 as restructuring hits bottom line

Online gaming giant Playtech PLC (LON:PTEC) announced its First Half 2016 results today, which overall were pretty good. Playtech's revenues and EBITDA were up in the healthy double digit percent range. The company increased its dividend. And post announcement Playtech's shares reacted nicely, up more than 4% to a new all-time high for the stock at about…

August 14, 2016 BY LeapRate Staff

Forex Industry Week Review: Markets.com canceling office space, IronFX-FXDD update, Ryan Gagne's $45M Whistleblower award, and lots more...

Some weeks our Forex Industry News ticker at LeapRate seems to be churning out the same ol' thing - volumes, financial results, broker fines, executive moves, new office here, new product there.... And some weeks, as Monty Python would say, it feels like And Now for Something Completely Different. Well it was one of those kinds…

August 08, 2016 BY LeapRate Staff

Markets.com canceling office leases amid rising layoffs within Playtech group

Back in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…

February 24, 2016 BY LeapRate Staff

Playtech unit Markets.com sees mass layoffs in restructuring of sales, retention and customer service operations - LeapRate Exclusive

Move by Markets.com to stop paying commissions to salespeople and to automate operations follows failed attempt to buy rival Plus500 late last year.

Tag: Markets.com layoffs