Playtech’s shares have dropped by more than 18% after its third-largest stakeholder, TTB Partners, abandoned its plans to acquire the online gambling and sports betting supplier. The news of the failed purchase scared investors and the share drop resulted in a $355 million loss for Playtech. TTB Partners Cited Market Challenging Conditions as the Main […]
Playtech has decided to extend TTB Partners’ period to submit a proposal for acquiring the former company. This was announced this morning by the gaming supplier’s board of directors. Playtech and TTB Partners to Continue Negotiations TTB Partners had to submit a proposal by June 17, which it failed to do. As per Playtech’s board’s […]
Playtech, a famous developer of gambling software, has kicked off 2022 with excellent financial results as demonstrated by its Q1 results. The company’s continued success has attracted the gaze of the investor firm TTB Partners. Playtech’s Business Flourishes Playtech’s results for the first three months of 2022 were strong and demonstrated a drastic EBITDA growth. […]
British gambling software maker Playtech continues to be making the headlines after an official statement today revealed its chief executive officer and a former director are willing to join the group of investors behind the latest candidate to acquire the company. CEO Backs Potential Buyers Playtech stated chief executive officer Mor Weizer and former company […]
