Online gaming and financial trading company Playtech PLC (LON:PTEC) announced late Friday that it has successfully priced €530 million (USD $611 million) in new junk debt. The 3.75% senior secured five-year notes due 2023 are expected to be assigned a rating of BB by S&P Global Ratings Europe Limited, UK Branch and Ba2 by Moody's Investors Service…
Read moreOnline gaming and financial trading company Playtech PLC (LON:PTEC) has announced that it has completed the acquisition of 70.6% Italian gaming company Snaitech. Playtech said that it has also separately acquired 9% of Snaitech's issued share capital through market purchases, since the original announcement of the €846 million acquisition was made on April 12, 2018. Therefore,…
Read moreOnline gaming and financial trading company Playtech PLC (LON:PTEC) has provided an update of its planned €846 million acquisition of Italian gaming company Snaitech S.p.A. Playtech stated that it has received formal consent for the transaction from Agenzia delle Dogane e dei Monopoli, the Italian gaming regulatory authority - the main regulatory approval required for the acquisition to…
Read moreOnline gaming and financial trading company Playtech PLC (LON:PTEC) is clearly pursuing a strategy of B2B-and-B2C vertical integration not just in its financial businesses, but also its core gaming division. On the financial side of its business, Playtech operates both as a technology and services provider to online brokers via its TradeTech division (formed by the…
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