BUSINESS

Playtech severs ties with broker; Gala Casinos sponsor IGA; Betgenius appointed new manager

TAGs: BetGenius, gala casinos, International Gaming Awards, Playtech

Playtech logoPlaytech has parted company with its broker with roads continuing to present new obstacles at every turn. Deutsche Bank resigned its position as broker to add fuel to the fire that Playtech won’t be joining London’s main stock market. As expected, the move sent stocks tumbling as they finished yesterday down 13p at 239p with the declining continuing to 236.75p when the article was published. A statement from the technology firm simply confirmed, “with immediate effect Collins Stewart Europe Limited is the Company’s sole broker and NOMAD.”

Chairman Roger Withers and a source at Deutsche Bank told the Telegraph there had been no row and the shared line is they simply grew apart. Relations have soured since Mumtaz Naseem left in the summer and it came as the market’s general feeling of uncertainty over the company continues. Panmure Gordon maintained its “hold” recommendation on shares as the group’s proposed joint ventures worry many. It comes after all hell broke loose over in Tel-Aviv over their JV with William Hill and Ralph Topping took to his soapbox to complain. Now we wait for Topping’s latest comedic interlude on this episode. One tip Ralph; we know they’re German but please, please don’t mention the war!

Gala Casinos are the latest firm to confirm sponsorship for next year’s International Gaming Awards. Clever Duck Media will officially confirm the tie up tomorrow ahead of the award ceremony, which takes place on 23 January 2012 at the Sheraton Park Lane. They number Calvin Ayre amongst the judges for this year’s awards.

Betgenius has announced the appointment of Daniel John as Connextra and Client Services Account Manager. The new role focuses on development of the successful Connextra side of the business and will focus on creative agency marketing services. John has a background in the industry having worked for Esanda Recruitment as a recruitment consultant to the betting and gaming industry.

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