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Business
December 20, 2024
Playtech Investors Greenlight Disputed Executive Bonus Package
Late in November, we reported that Playtech investors are expected to vote on a €100 million ($109 million) executive remuneration proposal. The proposed bonus plan for key executives and new long-term incentive proposal followed the announcement about the sale of the company’s business-to-consumer (B2C) arm, Snaitech, to Flutter Entertainment in a £2.3 billion (approx. $3 […]
Legal
December 20, 2024
Playtech’s Lawsuit Against OnAir Entertainment Picks up Speed
An ongoing lawsuit between two leading online gambling industry providers recently picked up speed after a court decision. Espionage Lawsuit Can Proceed This is the industrial espionage suit filed by Playtech against its rival, OnAir Entertainment. The latter company faced allegations of corporate espionage amid data accusing a former employee of keeping his access to […]
Business
December 17, 2024
Playtech Chief Security Officer Resigns After Seven Years
Daniel Liber has quit his job as Playtech‘s chief security officer (CSO) ending his seven-year stint with the FTSE 250-listed tech company. From CyberArk to Playtech: Daniel Liber’s Impactful Cybersecurity Career Liber started at Playtech in December 2017 as director of application security. He then moved up through different positions before taking on his latest […]
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 […]
