November 29, 2016 BY LeapRate Staff
Teddy Sagi's Brickington selling one-third of his Playtech holdings for £296 million
Teddy Sagi is selling when Playtech shares sit near all-time highs.
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September 28, 2016 BY LeapRate Staff
Plus500 founders cashing out $150 million in shares
CFD broker Plus500 Ltd (LON:PLUS) has announced that the founders of the Company - Alon Gonen and Gal Haber (pictured above), as well as Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann - have notified the company of their intention to sell in aggregate up to 15.5 million of their Plus500 shares. The 15.5 million shares…
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August 30, 2016 BY LeapRate Staff
Playtech exits Binary Options business, TopOption brand sold to OptionsClick - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that online gaming giant Playtech PLC (LON:PTEC) has made a decision to exit the binary options brokerage business. The company's binary options brand, TopOption, was sold effective August 7 to Leadtrade Ltd, an Israeli run and CySEC licensed company which operates several other binary options brokerage brands including OptionsClick (optionsclick.com), Prestige Option (prestigeoption.com),…
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August 28, 2016 BY LeapRate Staff
Forex Industry Week Review: Leverate exits binary options, FXDD-IronFX merger, Swissquote's new brand, and lots more…
It was a very mixed bag of Forex Industry News this past week at LeapRate. Companies exiting business lines, companies entering business lines, M&A, new logos and brands... Our most popular guest posts this week dealt with two important questions: What is your Company’s Content Brand? by MediaGroup's Bart Burggraaf, and How much does downtime really…
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August 25, 2016 BY LeapRate Staff
Markets.com sees Revenues drop 37% in First Half 2016 as restructuring hits bottom line
Online gaming giant Playtech PLC (LON:PTEC) announced its First Half 2016 results today, which overall were pretty good. Playtech's revenues and EBITDA were up in the healthy double digit percent range. The company increased its dividend. And post announcement Playtech's shares reacted nicely, up more than 4% to a new all-time high for the stock at about…
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August 08, 2016 BY LeapRate Staff
Markets.com canceling office leases amid rising layoffs within Playtech group
Back in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…
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May 19, 2016 BY LeapRate Staff
Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150
It looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…
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May 19, 2016 BY LeapRate Staff
Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150
It looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…
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May 18, 2016 BY Maria Nikolova
Playtech says financials division performs in line with expectations
Playtech PLC (LON:PTEC) is today hosting its Annual General Meeting (AGM), with the company publishing a statement that its Chairman, Alan Jackson, will make. The statement includes a brief update on the recent developments at the company, including its financials division (Markets Limited), which was established after the acquisition of TradeFX (which includes the Markets.com…
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March 23, 2016 BY LeapRate Staff
JPMorgan Chase ups stake in Plus500 to 9% as shares continue to rise
Global investment bank JPMorgan Chase & Co. (NYSE:JPM) has made filings to the London Stock Exchange indicating that it has increased its stake in retail Forex and CFD broker Plus500 Ltd (LON:PLUS) to 9.0%, up from 7.5% previously. JPMorgan now holds directly 10,330,061 Plus500 shares, worth £67.8 million (USD $96 million). Plus500 shares have been on a…
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