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Playtech ‘Highly Acquisitive,’ CEO Says; Facebook May Give Boost

Playtech Ltd. (PTEC) Chief Executive Officer Mor Weizer says Facebook Inc. (FB)’s share sale on the stock exchange will boost social gaming and the company remains highly acquisitive.

“We remain highly acquisitive,” Weizer said in a phone interview today. “We see some opportunities, given that the market is undergoing regulatory change. I see reports that Facebook may be floating in mid-May that will give a boost to social gaming.”

Weizer added that he expects the U.S. make a “lot of progress” this year toward regulating gambling.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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