ONLINE WORLD NEWS Playtech delays vote on Aristocrat 1 year ago Szarlot Post Views: 272 Playtech has delayed its shareholder vote on Aristocrat’s takeover proposal from its previously scheduled January 12 date to February 2, 2022. The board has pushed back the deadline to give more time for a possible counter bid from JKO Play Ltd, a consortium led by former Formula One team owner Eddie Jordan, and Keith O’Loughlin, a former executive at Scientific Games. They entered the race in November, and have asked for more time to work on a potential offer. They previously had a January 5 deadline, and now the UK’s Takeover Panel gave them until January 26 to make a firm offer or walk away. Playtech said talks were “progressing”. Playtech agreed in October to a £2.70B ($3.65B) takeover offer from Aristocrat, an Australian gambling machine manufacturer. In November, Playtech’s second-largest shareholder, Gopher Investments, walked away from a potential three-way takeover battle for the UK gambling software developer, claiming it was committed to a separate deal to acquire only the financial arm of the company, Finalto, which happened early December. Aristocrat said Wednesday its bid “remains the only firm offer” and “provides attractive value in cash and enhanced regulatory and financial certainty for Playtech shareholders,” Evening Standard reports. JKO “have already had a substantial amount of time to make an alternative proposal for Playtech,” Aristocrat said. “The decision to further delay the relevant shareholder meetings extends the period of uncertainty for all Playtech stakeholders.” A potential counter bid has been complicated by deal talks in the US involving a company Playtech is invested in. Playtech effectively owns 49% of Mexico’s Caliente Interactive, which is reportedly in talks to list on the Nasdaq in a SPAC deal. In the absence of a firm counter offer, the board of Playtech on Wednesday said they “continue to recommend unanimously that Playtech shareholders vote in favour of the Aristocrat offer.” The regulatory approvals process is “well on track” and it is “committed to completing the acquisition as quickly as possible”, it added. Aristocrat is the only one of the two bidders to have gained regulatory approval to operate in the US, as businesses seek to take advantage of the legalization of sports betting and online gaming in more states including Michigan. Source: yogonet.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts 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, JKO, Playtech Continue Reading Previous Check Out These Great Games Set in AfricaNext Macau to halt inbound passenger flights for 14 days More Stories ONLINE The Impact Of Mobile Gaming On Africa’s Online Casino Industry 22 hours ago Iwo Bulski EXPERTS WORLD NEWS Record 2022 numbers for Playtech 1 day ago Iwo Bulski GAMES ONLINE Rabbit Garden 1 day ago Samuel NIGERIA ONLINE The Legal Landscape for Nigerian Online Casinos 2 days ago Samuel ONLINE WORLD NEWS TVBET enters distribution agreement with Golden Matrix Group 3 days ago Iwo Bulski NIGERIA ONLINE Three Most Popular Payment Methods For Online Casinos 3 days ago Samuel ONLINE WORLD NEWS Slotegrator expands into Greece, Romania, and more with 1X2 Network 3 days ago Iwo Bulski KENYA ONLINE The rise of eSports in the Middle East and North Africa 4 days ago Szarlot ONLINE WORLD NEWS Pragmatic Play to exhibit as Premium sponsor in GAT Expo Cartagena 1 week ago Iwo Bulski GAMES ONLINE Wazdan opens a mystical tome filled with riches in Hot Slot™: Great Book of Magic 1 week ago Iwo Bulski ONLINE WORLD NEWS Slotegrator partners with Panga Games 1 week ago Iwo Bulski BETTING WORLD NEWS Parimatch suspends B2C operations in Ukraine 2 weeks ago Szarlot 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.