The following is a guest post courtesy of Andrew Moody, Content and PR Executive at Sense PR. [divide] It may sound like an unlikely transition to some, but in the wake of much stricter gambling legislation, Playtech PLC, the world's largest online gaming software supplier has made the strategic decision to move into the Foreign Exchange market. Founded…
Read moreShares of gaming technology and forex brokerage company Playtech PLC (LON:PTEC) soared more than 10% on Thursday, after the company reported better-than-expected financial results in Q3. A good part of that positive surprise was thanks to Playtech's newly established Financials Division, which consists of the online trading brands it purchased from controlling shareholder Teddy Sagi earlier…
Read moreLeapRate Exclusive... A legendary stock market investor of the early 1900s, Jesse Livermore, once said that the market is always right. Well if Livermore was correct, then it appears as if 'the market' is beginning to bet against Playtech's acquisition of Plus500 Ltd (LON:PLUS) actually closing. Since mid July when Plus500 shareholders approved the acquisition of the company by…
Read moreA number of rumors and what-might-have-happened type stories and speculation have been circulating on certain blogs the past few days, as to why Ireland's financial regulator, the Central Bank of Ireland (CBI), has stated its opposition to the acquisition of retail forex broker AvaTrade by online gaming and trading giant-in-making Playtech PLC (LON:PTEC). Some of the…
Read moreFollowing communication with the Central Bank of Ireland, which has opposed the proposed acquisition of FX broker AvaTrade by Playtech, the company will be formally contesting the regulatory objections.
Read morePlaytech is now seeking clarification on the reasons for the objection and is about to discuss the issue with the CBI.
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