Page 4 - Mor Weizer News Today

Shares in Playtech PLC (LSE:PTEC) fell sharply after Hong Kong-based investment company TTB Partners said it will not make an offer for the British gaming...

Playtech cites strong inbound interim trading results and long term prospects despite TTB deal rejection

TTB Partners had been given until 5pm tomorrow by the City Takeover Panel to reveal whether it would make a bid for the gambling software developer or walk away.

The stock sank 18.3% after TT Bond Partners, the gambling software companys third largest shareholder, said it would not be making an offer.

Gaming software supplier Playtech has reported a 25 per cent jump in annual earnings and confirmed it is still in talks with a group of Asia-based investors over a potential takeover deal.

Gambling technology company Playtech, based in London, announced March 16 it has partnered with betPARX to relaunch its iGaming and sports betting apps in the Garden State as well as in Pennsylvania.

Investegate announcements from Playtech PLC, Playtech helps betPARX relaunch in PA & NJ

The Playtech saga took a new twist recently after Tom Hall, the former Chief Executive Officer of the company, accused Aristocrat Leisure.

Playtech's CEO is interested in joining an investment group that intends to make a bid to acquire the online gambling software supplier.

Dechra saw its profits for the six months to end December jump 22% year-on-year to £93.9m. Revenues were up nearly 16% at £332.4m.