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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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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Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released a trading update last Friday, warning its full-year earnings will not meet analysts’ expectations. The company added that it may try to sell its underperforming spread-betting unit. According to Playtech’s latest update, the company is reviewing options for its Casual and Social Gaming business including a…
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TradeTech Group, the technology provider for retail brokers, has just announced that Christian Frahm, founder of CFH Group, has been appointed to the Board of TradeTech as a Non-Executive director. CFH Group, the holding company of CFH Clearing, is a Prime Brokerage firm and a key subsidiary of TradeTech, Playtech PLC (LON:PTEC)’s financials division. Marc…
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