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DOES PLAYTECH HAVE ACQUISITION PLANS FOR OPENBET OR AMAYA?

Wednesday, February 24, 2016 :  DOES PLAYTECH HAVE ACQUISITION PLANS FOR OPENBET OR AMAYA?
 
Speculation soars following anonymous reports that online gambling software provider may be interested.
 
Media reports in the Sunday Times and investment publication Motley Fool this week quoted an anonymous source who speculated that Playtech could be eyeing Openbet and possibly Amaya with a view to an acquisition move.
 
The reports noted that Playtech has an expansion strategy, along with a cash pile of $600 million and easy access to a further $200 million if necessary.
 
InfoPowa readers will recall earlier reports that Openbet is currently the subject of a GBP250 million acquisition bid by NYX Gaming, backed by William Hill plc, and Amaya's CEO David Baazov has recently announced his intention to take the Montreal-based company over in collaboration with other investors.
 
Motley Fool reported that Amaya stocks surged 9 percent on the reports this week, but veteran industry observer Warren Bartlett of Global Betting and Gaming Consultants said in a Gambling Insider interview that he doubted that either Openbet or Amaya was in Playtech's sights.
 
“I would be surprised if Playtech acquired either OpenBet or Amaya,” he said. “Playtech has its own sports-betting software and has an integrated common-wallet strategy across all its products so there is a good chance they will pick up business over time when contracts elapse.”
 
Regarding Amaya, Bartlett noted that the company has halved in value, and online poker is in decline but its massive database might be attractive to Playtech.
 
"However," he noted "the switch from software provider to operator is no easy task when so much resource, time and effort is used to generate software products.”
 
Motley Fool speculates on another Playtech possibility...instead of bidding against Baazov for Amaya, the company could instead join him by partnering in his takeover to create a supercompany.

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Gambling News :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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