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Playtech/Plus500 Merger Cancelled
Monday November 23,2015 : PLAYTECH TERMINATES PLUS500 MERGER
Not confident Ava Trade purchase will go ahead either.
Playtech has terminated its proposed Plus500 acquisition after discussions with the Financial Conduct Authority (FCA) have determined it would not be able to fulfil certain conditions set out by the FCA by the deadline of December 31, 2015.
Playtech said it will not incur any financial penalties with respect to the termination of the acquisition of Plus500 and has no immediate plans with respect to its existing 9.9 percent holding in Plus500.
The company’s acquisition of Ava Trade hangs in the balance as Playtech believes that the termination of its merger talks with Plus500 increases the risk that Ava Trade sellers may exercise their termination right which was triggered by the Central Bank of Ireland’s opposition to the purchase at the beginning of October
Gambling News :
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New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
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Microgaming QuickFire enters Coloumbia -
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Partypoker to sponsor WSOPC Uruguay -
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MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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