Plus500 says deal with Playtech to be terminated if not consummated by end-December LeapRate

November 18, 2015 BY Maria Nikolova

Plus500 says deal with Playtech to be terminated if not consummated by end-December

Following today's announcement from Playtech PLC (LON:PTEC) that the Financial Conduct Authority decision on the proposed £460 million acquisition of Forex and CFD broker Plus500 Ltd (LON:PLUS) is expected in December 2015, meaning another delay, the broker also published a statement. Plus500 says that: The terms of the Merger Agreement are such that it may be…

November 12, 2015 BY LeapRate Staff

Automated retention, increased conversion, and SIRIXActive - Leverate CEO Kobi Gur speaks

The forex industry is one which thrives on change. And demands change. And no leading company in the forex industry has probably seen more change over the past year than platform provider Leverate. Leverate now has a new management team in place, led by longtime Playtech PLC (LON:PTEC) and Amdocs Limited (NASDAQ:DOX) executive Kobi Gur…

November 11, 2015 BY LeapRate Staff

London Capital Group moves digital marketing and affiliate management to Israel, says goodbye to Francois Nembrini

LeapRate has learned that UK online trading firm London Capital Group Holdings plc (LON:LCG) has continued its march toward a relaunch of the company's brand with a few new senior hires, as well as the opening of a new office in Israel from where LCG will manage its digital marketing and affiliate activity. LCG is also going…

October 30, 2015 BY LeapRate Staff

Playtech shares soar 10% Thursday after reporting bullish Q3 results

Shares 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…

October 29, 2015 BY Maria Nikolova

Playtech's Financials Division generates revenues of EUR 27.5M in Q3 2015

Playtech PLC (LON:PTEC) has provided a trading update for the third quarter of 2015, with the Financials Division delivering a set of solid results. Interesting also is what was missing from the Playtech filing - there was no real update on the fate of the in-process acquisitions of Plus500 and AvaTrade. Playtech did state that they…

October 28, 2015 BY Maria Nikolova

Binary platform provider TRADOLOGIC hires Playtech's Michael Golod as CEO

Binary options platform specialist TRADOLOGIC announced on Tuesday that it has appointed Michael Golod, formerly Head of Product & Delivery at Playtech PLC (LON:PTEC), as its new Chief Executive Officer. Mr Golod brings with him over 15 years of experience in Software Development. Prior to his role as TRADOLOGIC’s CEO, he has been serving Playtech…

October 22, 2015 BY Maria Nikolova

Ladbrokes says proposed merger with Coral is on track

Ladbrokes PLC (LON:LAD), a gaming and betting provider, today published an update regarding the proposed merger with the Coral Group, initially unveiled on July 24, 2015. Ladbrokes said that both companies are actively engaged with the Competition and Markets Authority (CMA) in normal course pre-notification discussions and submissions. The next step should be when the…

October 15, 2015 BY Maria Nikolova

Playtech names Ian Chuter strategic advisor

Mr Chuter, who has more than 25 years of experience in the gaming industry, joins Playtech in gaming, sports betting and M&A strategic advisory role.

October 13, 2015 BY LeapRate Staff

Plus500 shares barely react to blowout Q3 Revenue numbers - but why?

Plus500 Q3 Revenues nearly doubled those of Q2. Plus500 shares then trade up just 2%. What gives?

October 08, 2015 BY LeapRate Staff

Plus500 shareholders now betting that acquisition by Playtech might not go ahead - LeapRate Exclusive

LeapRate 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…

Tag: Playtech PLC (LON:PTEC)