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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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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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