M&A news sponsored by Playtech


Shares in Playtech fell by almost 9 per cent Monday after the company confirmed that shareholders of Ava Trade have terminated the agreement relating to Playtech's acquisition of the company, as a result of the earlier collapse of the Plus500 acquisition.

In a significant blow to the company’s plans to enlarge its financial trading business, Playtech confirmed Monday that it will not proceed with its proposed £459.6m acquisition of London-listed spread betting and CFD provider Plus500, while also warning that its deal to acquire Ava Trade may also fall through.

Live dealer gaming specialist Evolution Gaming has acquired the company that owns the building which accommodates the majority of its live casino operational activities in Riga, Latvia, for a total purchase price of €12.4m.

DraftDay Gaming Group, the daily fantasy sports (DFS) operator jointly operated by Sportech and rewards platform Viggle, has expanded its player base by acquiring the customer database of rival company SportsTradex.

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