In the official, announcement, Playtech shared its intentions to focus on its “technology-led offering as a pure play business in the B2B and B2C gambling markets” and unlock significant capital through the transaction. Weizer added: Looking forwards, Playtech will focus on its technology led offering in B2B and B2C gambling, driven by our online expertise…
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Trading technology provider Aquarius Financial Technologies Ltd has announced a strategic partnership with CQG, a provider of technology solutions for traders, brokers, commercial hedgers, and exchanges. The collaboration between the two companies will support Aquarius’ plans to launch an institutional-grade global cryptocurrency exchange using CQG’s technology. The exchange is planned to launch in the third quarter…
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Claire Milne, Interim Chairman, said: In selecting the new Chair, we wanted to appoint an individual with significant online gambling experience and a track record of delivering high levels of corporate governance and stakeholder engagement in a highly regulated and fast-growing industry. We are delighted that someone of Brian's calibre is joining the Board and…
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Germany’s Federal Financial Supervisory Authority (BaFin) filed criminal complaint on Thusrday against one of its employees for suspected insider trading in payments company Wirecard. BaFin said that the employee of the securities supervision department sold structured products based on Wirecard on 17 June 2020. The date is one day before Wirecard’s auditor EY found that 1.9…
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The Israel-based gaming company’s filling with the London Stock Exchange stated that the consortium is making an offer of $200 million. Of that amount, $170 million will be payable on completion and around $110 million of the capital required to run the division will be transferred with the unit upon any sale. Playtech’s financial division…
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CLS, the market infrastructure provider of risk mitigation services to the global FX market, has released its operating metrics for August 2020. The average daily traded volume submitted to CLS was USD1.649 trillion, down 0.5 percent from USD1.657 trillion in July 2020. Global technology provider First Derivatives announced the appointment of Steve Fisher as a Non-Executive Director of…
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Adjusted EBITDA for TradeTech was €52.8 million, registering a 544% increase (H1 2019: €8.2 million) Playtech continues assessing its option for TradeTech. The company announced in August it was in in early stage discussions regarding a potential sale of the financial unit. The company shared that for next half of the year TradeTech’s exceptional performance…
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Global equities hit a record high on Wednesday as the recovery seen since the collapse in February continues apace. The FTSE All World index climbed 0.9% to 384.9 points, ahead of a high set in February, as technology giants which have propelled US markets higher now lift the global index to a new peak. Huobi…
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The gaming group recently said that it has benefited from the Covid-19 induced market volatility and reported strong performance for TradeTech. In March 2020 the company’s Board decided to maximize liquidity and suspend shareholder distribution because of the Covid-19 situation. The share repurchase programme announced at the FY19 result was also postponed as was the…
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Mor Weizer, CEO, commented: Thanks to the outstanding response from our people and the early actions taken to protect the business, Playtech has demonstrated outstanding operational resilience during this challenging period. Weizer added: In addition to navigating near-term headwinds, we've continued to focus on setting up the business for success in the long-term. During the…
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