ONLINE WORLD NEWS Gopher shelves offer for Playtech 9 months ago Iwo Bulski Post Views: 359 Gopher Investments, the global gaming investment group, has announced that it will not be making an offer for Playtech, a possibility that had previously been floated. Gopher is already a 4.97% shareholder of Playtech. Though it was not a formal offer, $4.05bn was proposed by Gopher when they approached Playtech. The decision by Gopher comes in the context of a bidding war for Playtech. In addition to Gopher, Aristocrat and JKO Global had both made offers for gaming solutions supplier. Despite Gopher’s decision to rescind its takeover offer, the group has maintained that it will be going ahead with the plan to acquire Finalto, Playtech’s financial trading platform. This process is still unfolding and is expected to be completed in H1 2022. The acquisition of Playtech has been the source of much speculation in the industry. Gopher’s offer came on the back of Aristocrat’s $2.9bn offer. Jason Ader, one of Playtech’s biggest shareholders, has been encouraging other groups to become interested in what would be among the biggest mergers in the industry. As he told Gambling Insider last month: “Whoever buys the Playtech assets has a huge competitive advantage in B2B casino. B2B casino is really the next big thing after sports in the US, and more specifically live table games is what’s going to drive that.” Ader contends that other gaming giants – IGT, Scientific Games, Apollo – should also look into the possibility. “If £6.83 ($9.41) per share becomes the final price, we’re still so happy with that, but I’ll probably become a shareholder of Aristocrat, because their stock will have a lot of upside from Playtech in the next few years.” Source: gamblinginsider.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Gopher, Playtech, sale Continue Reading Previous Wazdan promises to satisfy your sweet tooth in Jelly Reels™Next Spinomenal enters Belarusian market More Stories ONLINE WORLD NEWS Slotegrator will take part in the Sigma Balkans & CIS Summit 1 day ago Iwo Bulski CASINO WORLD NEWS Top actors who play in online casino games 2 days ago Samuel GHANA ONLINE Kenya and Ghana are front-lining the global mobile money market 2 days ago Samuel EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 2 days ago Samuel ONLINE UGANDA The Contextual Analysis of Social Media in Uganda 3 days ago Szarlot ONLINE WORLD NEWS AstroPay Seeks to Bolster Growth with Affiliate Program 4 days ago Samuel EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 4 days ago Samuel ONLINE WORLD NEWS 4 sales-boosting modules from Slotegrator’s new platform 2 weeks ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 2 weeks ago Iwo Bulski NIGERIA ONLINE BGaming develops compression algorithm to cut game loading time 2 weeks ago Iwo Bulski ONLINE SOUTH AFRICA Africa Records a High Number of Gamers 2 weeks ago Iwo Bulski ONLINE WORLD NEWS Keep VIP programs compliant with the right bonus module 2 weeks ago Iwo Bulski 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.