Tag Archives: Plus500
- Playtech finally closes doors on plans to buy Ava Trade
December 9, 2015
Online gambling technology provider Playtech is finally closing the Ava Trade acquisition chapter, months after it announced plans to buy the contracts-for-difference broker. Playtech announced on Tuesday that it is withdrawing its application to buy Ava Trade in light of the opposition from the Central Bank of Ireland. In a...
- Playtech scraps proposed acquisitions of Plus500, Ava Trade financial trading firms
November 23, 2015
Online gambling technology provider Playtech has abandoned its planned takeovers of financial trading operators Plus500 and Ava Trade due to its inability to resolve regulatory concerns. Playtech announced this summer that it would spend £460m to acquire the UK-listed Plus500, one of a flurry of recent deals in which Playtech...
- Ireland throws wrench in Playtech’s Ava Trade ambitions
October 6, 2015
The Central Bank of Ireland is opposing Playtech’s plan to acquire Ava Trade, a Dublin-based online forex and contracts for difference (CFD) outfit. Playtech announced on Monday that plans to seek clarification from the Irish central bank after the regulator raised objects to the deal in a letter sent last...
- Plus500 extends sponsorship with Atlético Madrid Football Club
June 25, 2015
The retail Forex and CFD broker Plus500 has extended its shirt sponsorship deal with Spanish La Liga Club Atlético de Madrid for the next two years. As part of the deal, announced on Thursday, the Plus500 logo will feature as club’s official sponsor on the front of the kit and...
- Playtech to raise £250million for Plus500 acquisition
June 19, 2015
Online gambling software outfit Playtech Plc placed 29,050,000 ordinary shares, or a 9.9% stake in the company, to raise £250 million and fund the acquisition of online trading services provider Plus500 Ltd. The shares were placed at 780p, raising gross proceeds of approximately £227 million (before expenses). Earlier this month,...
- Plus500 second largest shareholder to vote against Playtech £460M bid
June 9, 2015
Odey Asset Management, the second largest shareholder in financial spread betting firm Plus500, says it would vote against Playtech’s proposed £460m acquisition bid. London-based hedge fund Odey Asset Management, which has increased its stake in Plus500 from 13% to 25% over the past three weeks, said Playtech's proposed 400p per...
Playtech scrapping Marvel superhero content as of April 1
March 26, 2017
Mor Weizer: Trends are shifting toward regulated markets
April 26, 2017
Black-market Asian online ops drive Playtech’s H1 gains
August 24, 2017