Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 02, 2015 7:24 PM ET

Software

Company Overview of Playtech plc

Company Overview

Playtech plc, together with its subsidiaries, engages in the development and licensing of software products for the online and land-based gambling industries. Its gaming applications comprise online casino, poker and other P2P games, bingo, mobile, live gaming, land based terminal, and fixed-odds games. The company offers information management solutions for online gaming; technology for casino games; enhanced gaming engine platform that provides content for various games; Mobile Hub, an application for mobile devices; sports betting software; poker products that are deployed on the iPoker network; live and TV gaming; online bingo games; solutions and tools for lottery operators; Videobet, a...

St George’s Court

2nd Floor

Upper Church Street

Douglas,  IM1 1EE

Isle of Man

Founded in 1999

4,220 Employees

Key Executives for Playtech plc

Chief Executive Officer and Executive Director
Age: 39
Total Annual Compensation: $1.7M
Chief Financial Officer, Executive Director and Member of Disclosure Committee
Age: 38
Total Annual Compensation: $845.1K
Compensation as of Fiscal Year 2014.

Playtech plc Key Developments

Playtech Seeks Acquisitions

Playtech plc (LSE:PTEC) announced placing by way of an accelerated bookbuild of up to 29,050,000 Placing Shares. Mor Weizer, Chief Executive Officer of Playtech, commented, "Playtech's enviable M&A track record has been founded on its ability to be pro-active, facilitated by financial flexibility which has allowed it to be able to act from a position of strength. Today's equity fundraising, in conjunction with new debt facilities, which we are in the process of securing, will improve the efficiency of Playtech's capital structure whilst maintaining the financial flexibility to pursue acquisitions in both the gambling and financial trading space to deliver long term value for our Shareholders."

Playtech plc, Plus500 Ltd. - M&A Call

To discuss the terms of a recommended cash acquisition through which the entire issued ordinary share capital of Plus500 will be acquired by Playtech

Playtech Seeks Acquisitions

Playtech plc (LSE:PTEC) is looking for acquisition opportunities. Mor Weizer, Chief Financial Officer of Playtech, said, "We remain acquisitive. We always look at opportunities. There are other things in the mix. I think that it's too early to talk about that. It's too early in terms of process. We are very much focused on the call-option that we have in now Plus500. But obviously we remain acquisitive and we will not hesitate if, as we indicated this morning to the market, if we will see a great opportunity for Playtech, we will not hesitate given the strong balance sheet and the access to funding resources."

Similar Private Companies By Industry

Company Name Region
No similar companies available.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 1, 2015
Plus500 Ltd.
Merger/Acquisition
April 2, 2015
Trade FX Ltd.
Merger/Acquisition
February 16, 2015
YoYo Games Limited
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Playtech plc, please visit www.playtech.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.