Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced its results for the six months ended 30 June 2017, together with a trading update for the period to 22 August 2017. Before getting to the macro details, Playtech's financials provided quite a lot on insight into how its Financials division is doing,…
Read more
Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced it has agreed to acquire technology, intellectual property and certain customer assets (together 'the assets') from ACM Group Limited (known in the industry as Alpha) as it continues to enhance its Financials Division's B2B offering. As a result of the acquisition of the…
Read more
LeapRate Exclusive... Following up our exclusive coverage yesterday of the resignation of longtime AxiTrader General Manager Alex Mackinnon, LeapRate has learned that Mr. Mackinnon will be joining FX technology and white label solutions provider CFH Systems, in a senior management role. CFH Systems' executive management has confirmed to LeapRate that Mr. Mackinnon's appointment will take…
Read more
FCA regulated FX Prime of Prime brokerage CFH Clearing has announced senior changes at its board and top management levels, as the company seeks to accelerate its ambitious growth strategy under new owner Playtech PLC (LON:PTEC). Playtech acquired the CFH Group for $120 million late last year. Lars Holst (pictured above), CEO of CFH Clearing…
Read more
Mr. Kobi Gur, CEO of the financial trading solutions provider Leverate for the last two years, just announced that has advised the Board of Directors of his intention to leave his current position in order to pursue other interests. Kobi Gur joined Leverate in 2015 after co-founder Ron Strauss decided to leave the industry. He…
Read more
LeapRate Exclusive… LeapRate has learned from sources in Israel that online gaming and casino company 888 Holdings Public Limited Company (LON:888) is in process of laying off several dozen employees in the country. 888's moves come shortly after we exclusively reported that UK based William Hill plc (LON:WMH) will be shutting its operation in Israel,…
Read more
This will be a week which many in the FX industry won't soon forget, in part because of what didn't happen. After several months of debate and a few more months of waiting, the FCA decided to delay its implementation of new rules governing the leveraged Forex and CFDs sector until at least early 2018. We…
Read more
Following our report from last night that Teddy Sagi's holding company, Brickington Trading Limited, had informed Playtech PLC (LON:PTEC) that Mr. Sagi intended to sell 32 million Playtech shares in an effort to diversify his investments, the company announced early this morning that the share sale was increased in size and completed - but at…
Read more
For the first time since he founded the company in 1999, Teddy Sagi might soon no longer be the largest shareholder in Playtech PLC (LON:PTEC). Playtech announced after the close of London Stock Exchange trading on Monday that it has been advised that Teddy Sagi's holding company Brickington Trading Limited is planning to sell approximately 32 million…
Read more
LeapRate Exclusive... LeapRate has learned from sources in Israel that online gaming giant William Hill plc (LON:WMH) will be shutting its operation in Israel. More than 200 of the company's approximately 250 Tel Aviv based employees will be laid off, and the company's offices at the Azrieli Towers (pictured above) will be vacated. A small number…
Read more