- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Playtech in Advanced Talks to Sell Finalto for $200M

Finalto, Playtech’s financial arm, may soon find a new home as the company is in advanced talks to sell what it considers a non-core asset for at least $200 million.
Playtech Confirms Intention to Sell Finalto
Starting the week, Playtech confirmed that it has entered into exclusive talks with a consortium to sell its financial arm, Finalto. With rumors swirling for a while now, this is the first time the company confirmed that the deal was a possibility.
Playtech explained that the company is discussing the potential sale of what it considers a non-core asset for $200 million. Regardless of the focus or lack of on the business, Finalto has performed well during the pandemic, pulling in good results.
In pure numbers, Finalto generated €87.3 million in revenue during the first half of 2020, or a 123% increase year-over-year.
The consortium initiating the talks consists of four established companies, including Barinboim Group, Leumi Partners, The Phoenix Insurance Company and Menora Mivtachim Insurance.
Selling the subsidiary right away would guarantee a quick cash injection as $170 million will be paid on the spot. Playtech did say, though, that in the event of a sale, an estimated $110 million of capital that is needed to keep Finalto operational would be transferred as well.
Not a Sealed Deal
Playtech did caution, though, not to interpret the announcement as a confirmation of a sale, as the talks were still ongoing and Playtech retained its right to withdraw from the negotiations if it deemed the conditions unfavorable:
“Whilst discussions are progressing, there can be no certainty that any transaction will be forthcoming nor on what terms it would occur.”
-Playtech
The potential sale of Finalto is motivated simply by Playtech’s desire to streamline its business offer and shed non-core assets, allowing the company to remain focused on what it considers key verticals for its further growth and success.
Playtech is reportedly approaching other parties to discuss opportunities for the sale of Finalto, which has shown resilience and remains in a good position to be sold to the benefit of the FTSE250 technology group.
Playtech’s own performance has been strong of late. The company’s trading update earlier this month revealed that its market performance for 2020 is ahead of market consensus. The company is also one of the few to choose the United Kingdom as a tax residency despite the uncertainties surrounding Brexit.
Stoyan holds over 9 years of esports and gambling writing experience under his belt and is specifically knowledgeable about developments within the online scene. He is a great asset to the Gambling News team with his niche expertise and continual focus on providing our readers with articles that have a unique spin which differentiates us from the rest.
Previous Article
Business
January 26, 2021
NBC Sports Launches Betting Simulcast with PGA Tour, PointsBet

Must Read
Business
October 16, 2025
PrizePicks Secures License to Operate Fantasy Sports in New York
Business
October 16, 2025
MGM Resorts to Sell MGM Northfield Park for $546M
More Articles
Legal
October 21, 2025
Playtech Shares Slump as Company Stands by Evolution Report
Industry
October 21, 2025
Embark on a Thrilling Ride in NetGaming’s Fly High
Business
October 15, 2025
Entain Posts Q3 Results, Reiterates FY 2025 Guidance
Casino
October 14, 2025
Roobet Casino Reports Cyberattack Against External Partner
Business
October 13, 2025
Allwyn Unveils Historic Merger with OPAP
Casino
October 13, 2025
Dogs Get Hooked on Toys Like Humans on Gambling, Study Says
Business
October 10, 2025
Fast Track Comments on Recent Cyberattack
Casino
October 10, 2025
The Legend of the Seas to Get Casinos on Two Decks
Business
October 10, 2025
Bally’s Sells Interactive Arm to Intralot for EUR 2.7B
Business
October 9, 2025
Glitnor Group Chooses Kambi as Its New Sportsbook Provider