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Playtech CEO Critical of Acquisitions

PLAYTECH CEO CRITICAL OF PRESSURE TO MAKE ACQUISITIONS
 
Mor Weizer gives an insight into the pressures top management can face.
 
Mor Weizer, the seasoned and respected CEO of online gambling group Playtech plc, gave an insight into just one of the pressures top management can face from shareholders this week in his address to the World GES conference in Spain.
 
Discussing the industry trend toward consolidation, Weizer revealed that there is sometimes inappropriate pressure on chief executive officers to make acquisitions for the wrong reasons in pursuit of headlines and short term share boosts.
 
“There is some pressure on CEOs to do deals, which is not right,” he said. “Its typically CEOs of listed companies with money in the bank [who are affected], but they are constantly being asked when the next transaction is going to happen and what firms they are looking at.”
 
The correct way to approach acquisitions, Weizer suggested, was to clearly and objectively assess how much real value and diversity a target acquisition can add to an enterprise, and then have a comprehensive execution and integration plan post-acquisition to extract full value from any deal.
 
Weizer should know...over the past decade Playtech has successfully made 28 relevant and high value acquisitions, and he says the company has always taken a conservative and thorough approach…it considered fifty or more businesses over the past year alone, he revealed.
 
He predicted that in the current business and regulatory environment merger and acquisition activity is likely to continue on an international basis, although there was the immediate risk that the UK Brexit vote could induce some caution in parts of the market..



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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