Tag: Finalto

Playtech finalto
July 08, 2021 BY Steffy Bogdanova

Gopher Investments reaffirms its offer for Finalto

The statement said: Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (TTB). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders…

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Playtech finalto
July 05, 2021 BY Steffy Bogdanova

Gopher Investments offers to buy Playtech’s Finalto for $250 million

The announcement further explained that Gopher Investments’ proposed valuation represents a 47% premium to the consortium and a 35% premium to the guaranteed consideration of that offer. According to the official announcement, Gopher Investments urged Playtech’s shareholders to vote against the Consortium’s offer. Gopher added that “Finalto’s attractive growth prospects are not fairly reflected in…

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Playtech finalto
May 26, 2021 BY Steffy Bogdanova

Playtech to sell its financial division Finalto for $210 million

In the official, announcement, Playtech shared its intentions to focus on its “technology-led offering as a pure play business in the B2B and B2C gambling markets” and unlock significant capital through the transaction. Weizer added: Looking forwards, Playtech will focus on its technology led offering in B2B and B2C gambling, driven by our online expertise…

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Forex Weekly Look Back
February 05, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: FXCM Group expands its Stock Basket offering, Exness named Damian Bunce its new Chief Trading Officer

Digital asset exchange Gate.io announced that it is the first major centralized exchange to list SNOW. according to a famous crypto trader, Elliot Wainman, SNOW could grow at least 1000%. On February 2, it reached an all-time high of $146.87. SnowSwap is a decentralized exchange which allows its users to swap wrapped, yield-bearing tokens with minimal…

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Michael Bleys becomes VP Institutional Sales of Finalto
February 01, 2021 BY Steffy Bogdanova

Michael Bleys appointed as VP Institutional Sales of Finalto

Prime brokerage CFH today announced rebranding to Finalto. The company stated that the rebranding reflects the firm’s first step toward full integration and assimilation of the different companies that make up the group. Playtech responded to rumors last week and confirmed that it was discussing the sale of Finalto with a management consortium of Israeli…

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CFH goes under the Finalto banner
February 01, 2021 BY Steffy Bogdanova

Prime brokerage CFH rebrands to Finalto

For example, the group offers, liquidity and STP processing from Tier 1 banks, ECNs and non-bank liquidity pools to give brokers the flexibility they need for their trading customers. It also has 360 tech trading solution for brokers that to help them manage every aspect of a trading platform and customer relationships. Finalto’s multi-asset trading…

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Forex Weekly Look Back
January 29, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Robinhood to restore GameStop trading, Brokeree integrates Liquidity Bridge with Ausprime

Germany’s Federal Financial Supervisory Authority (BaFin) filed criminal complaint on Thusrday against one of its employees for suspected insider trading in payments company Wirecard. BaFin said that the employee of the securities supervision department sold structured products based on Wirecard on 17 June 2020. The date is one day before Wirecard’s auditor EY found that 1.9…

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Playtech
January 26, 2021 BY Steffy Bogdanova

Management Consortium to buy Finalto from Playtech for $200 million

The Israel-based gaming company’s filling with the London Stock Exchange stated that the consortium is making an offer of $200 million. Of that amount, $170 million will be payable on completion and around $110 million of the capital required to run the division will be transferred with the unit upon any sale. Playtech’s financial division…

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