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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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