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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
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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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