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Brickington Sells 10 Percent Of ITs Playtech Shares

Wednesday March 5,2014 :  SAGI COMPANY SELLS 10 PERCENT OF PLAYTECH SHARES
 
Brickington will still hold 39 percent of online gambling company.
 
Online gambling software company Playtech plc announced Wednesday that Teddy Sagi's company Brickington Trading Limited - a 49 percent shareholder in Playtech - intends to sell 29.3 million of its shares in Playtech (10 percent of the company) at a price of 725 pence per share via an accelerated bookbuild.
 
"The Placing Shares represent approximately 10 percent. of the company's issued share capital out of Brickington's current holding of approximately 49 percent," a statement from Playtech revealed.
 
"Following the sale of the Placing Shares, Brickington has agreed not to dispose of any further Playtech shares for a period of at least 12 months, other than with the consent each of Canaccord Genuity, Shore Capital and UBS."
 
The Playtech statement emphasises that Brickington remains a committed shareholder and will still hold 39 percent of its issued share capital if all the Placing Shares are sold. The Placing would significantly increase Playtech's free float and is expected to allow for increased liquidity in the trading of the company's ordinary shares.
 
Canaccord Genuity, Shore Capital and UBS have been appointed as joint bookrunners in respect of the Placing, which will be launched immediately following the announcement today through an accelerated bookbuild, open to certain existing and new investors.



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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