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Archive for August, 2017
28 August, 2017
Playtech Expands and Rebrands Financials Division
Gambling provider Playtech announced the acquisition of financial services company ACM Group for a total consideration of $150 million. The new deal will see Playtech further expand its Financials Division, which it created several years ago.
24 August, 2017
Silchester International Investors to buy 5% of William Hill
Investment management firm Silchester International Investors has purchased a 5% stake in gambling operator William Hill. William Hill shares currently stand at £239.9, well below their four-year high of £465. The London-based hedge fund has thus become the fourth largest institutional backer of the major bookmaker, which has been trying to improve its profitability for several years now.
10 August, 2017
Gambling operators flee from Czech iGaming Market
Early this year, the Czech Republic adopted new gambling laws after a thorough overhaul of its existing legislative framework. The country was among several member states to have been scolded by EU authorities for failing to implement gambling legislations that comply with the union’s laws and Directives.
5 August, 2017
How UK’s General Election Changed Gambling Industry’s Dynamics in 2017
Industry analysts believed that a triennial review of UK’s gambling industry, due for March 2017 release, and a December 2016 decision of the country’s government to treat freeplays used by UK-facing operators to acquire and retain players could trigger a new wave of merger and acquisition activity in the sector in 2017.
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