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Business
December 6, 2024
Playtech Founder Buys Miami Mansion, Plans Big Changes
Teddy Sagi, the founder of the gaming software development giant Playtech, has purchased a huge waterfront home in Miami Beach. The billionaire is reportedly planning to demolish the old building and construct a state-of-the-art mansion. Sagi Envisions Erecting a High-Tech Mansion The home in question was sold to Sagi by a company related to the […]
Industry
November 28, 2024
Playtech Investors to Vote on €100M Executive Remuneration Proposal
Earlier this year, Playtech confirmed it is in talks with Flutter Entertainment for the sale of its business-to-consumer (B2C) arm, Snaitech. Then, in September, the company confirmed that the proposed sale of the asset has a price tag of £2.3 billion (approx. $3 billion). Concurrently, Playtech proposed a directors’ remuneration plan, which proved to be […]
Industry
November 25, 2024
Playtech Eyes Happybet Sale, Reports Claim
Gaming specialist Playtech is reportedly mulling over a sale of its Happybet betting brand. The brand has struggled to gain traction, prompting the parent company to plan a discontinuation of its operation in Austria. Playtech Onboarded Oakvale Capital to Explore a Sale, Rumors Say Sources told gaming news outlet NEXT.io that a Happybet sale is […]
Business
October 7, 2024
Two Investors Condemn Playtech’s €134M Executive Bonus Proposal
Ahead of the finalization of the sale of Snaitech, Playtech’s business-to-consumer (B2C) arm, to Flutter Entertainment in a multi-billion-dollar deal, investors in Playtech criticized a proposed compensation package of more than $100 million. Palm Harbour Capital Criticized the Remuneration Proposal The aforementioned compensation package was confirmed back in September. The proposal seeks to benefit Playtech’s […]
Industry
October 7, 2024
Playtech and UNLV Team Up to Explore AI-Powered RG Tools
Gambling software development company Playtech has unveiled a new multi-year partnership with the University of Nevada, Las Vegas (UNLV). Under the agreement, the two parties will work together to discover new tech-powered sustainable gambling solutions. Playtech and IGI to Explore New Solutions The arrangement will see Playtech work closely with UNLV’s International Gaming Institute (IGI) […]
Business
September 30, 2024
Playtech Posts Growth in H1 2024, Analysts Warn of Potential Risks
Playtech, the leading technology company founded more than two decades ago, released its results covering the six months ended June 30, 2024. On Monday, the company disclosed its interim financial results, pointing to a single-digit revenue increase while acknowledging it remains on track to meet medium-term targets in FY24. The Company’s H1 2024 Revenue Increased […]
Business
September 16, 2024
Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
Flutter Entertainment, the parent company of brands like Paddy Power and Betfair, is reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtech, one of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio. Playtech Will Focus on Its […]
Business
September 16, 2024
Playtech Revises Strategic Deal with Caliplay for Further Growth
The 1999-founded leading technology company in the gambling industry, Playtech, has announced inking a revised strategic agreement with Caliente’s subsidiary, Caliplay, a leader in the regulated Mexican online casino and sports betting market and its largest client. The news of the amended terms of the strategic agreement comes after the two parties were embroiled in […]
Business
August 14, 2024
Playtech Confirms Talks of £2bn Flutter Bid for Snaitech
The leading supplier of software, content and solutions, powering iGaming and betting operators, Playtech, confirmed it is in talks for the potential sale of its business-to-customer (B2C) division in Italy, Snaitech, to the leading gaming and entertainment giant, Flutter Entertainment. Today, the company released a short letter titled “Response to Media Speculation,” acknowledging that it […]
Casino
July 4, 2024
Entain and Playtech Debut Live Gameshow “The Chase”
Global sports betting and gaming group built on proprietary technology, Entain, has announced the exciting launch of a brand new live gameshow with support from the leading platform, content, and services provider in the online gambling industry, Playtech. The Chase, which is the name of the new game, follows the proven model carried by the […]
