EXPERTS WORLD NEWS Britain’s Playtech gets takeover proposal from major investor Gopher 7 months ago Szarlot Post Views: 160 Playtech (PTEC.L) is in talks with its second-biggest shareholder over a possible takeover offer, weeks after agreeing to a buyout from rival Aristocrat Leisure (ALL.AX), sending the British online gambling software firm shares up 3% on Monday. Hong Kong-based Gopher Investments, which holds a nearly 5% stake in Playtech through an affiliate TT Bond Partners, made a preliminary approach on Oct. 21 seeking access to some due diligence information to weigh a possible offer, London-listed Playtech said. It said discussions with Gopher were at an early stage and did not disclose terms of the potential bid, which is likely to be worth roughly 3 billion pounds ($4.05 billion) according to Sky News which first reported the development. Gopher has become a prominent Playtech shareholder after the investment fund in September clinched a deal to buy the British company’s financial trading unit following a months-long battle with Playtech and an Israeli consortium. That deal for the unit, Finalto, is expected to be completed in the first half of 2022 as regulators now also decide on a deadline by which Gopher must either present a firm intention to bid for all of Playech or walk away. Australian gambling machine maker Aristocrat, whose 2.1 billion pound offer for Playtech could face competition if Gopher decides to enter into a bidding war, defended its proposal and touted its market expertise. “Aristocrat’s long-term engagement with regulators across key gaming jurisdictions, together with strong financial fundamentals … positions (it) to complete the transaction as planned in the second quarter of calendar year 2022,” – the Sydney-listed company said on Monday. Peel Hunt analysts retained a price target of 680 pence and a “hold” recommendation on Playtech, saying its investors have already anticipated an offer higher than Aristocrat’s. Shares in Playtech were 2.4% higher at 725 pence by 0823 GMT. They had gained a little more than two-thirds of their value this year up to Friday’s closing price of 708 pence. Source: reuters.com SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Aristocrat, Gopher, Playtech Continue Reading Previous One Week Until The SBEA & SBWA MergerNext South Africa is at the centre of an iGaming storm More Stories EXPERTS KENYA State seeks to hold suspect cash, properties for longer 2 days ago Samuel ONLINE WORLD NEWS Wazdan unleashes an inferno in 9 Burning Dragons 4 days ago Iwo Bulski EXPERTS KENYA Regulator now orders audit on betting firms’ sponsorship deals 5 days ago Samuel EXPERTS NIGERIA FG Moves To Weed Out Some Sports Betting Companies In Nigeria 5 days ago Szarlot ONLINE WORLD NEWS Booming Games, ELK, and Microgaming releasing new titles in May 6 days ago Iwo Bulski EXPERTS NIGERIA 5 types of people you only see in betting shops 6 days ago Szarlot EXPERTS SOUTH AFRICA Vodacom plans a quarter of revenues from digital financial services 6 days ago Samuel ONLINE WORLD NEWS Rajbet online casino launches, powered by Slotegrator 1 week ago Szarlot ONLINE WORLD NEWS Wazdan wins two awards at Baltic and Scandinavian Gaming Awards 1 week ago Iwo Bulski ETHIOPIA EXPERTS HOT NEWS 5G Network Service Arrive in Ethiopia 1 week ago Adeleye Awakan EXPERTS SOUTH AFRICA Why People Love Gambling 1 week ago Szarlot EXPERTS NIGERIA The new Nigerian law requires casinos to tighten AML controls 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.