{"id":192578,"date":"2021-11-20T14:30:06","date_gmt":"2021-11-20T22:30:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=192578"},"modified":"2021-11-20T17:58:49","modified_gmt":"2021-11-21T01:58:49","slug":"playtech-now-has-three-takeover-offers-on-the-table","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/","title":{"rendered":"Playtech Receives Third Offer, Aristocrat Facing Increasing Competition in Takeover"},"content":{"rendered":"

Gaming technology provider Playtech landed another takeover offer courtesy of JKO Play Ltd., a consortium led by former Formula One team owner Eddie Jordan.<\/p>\n

\"Playtech
Former Formula One team owner Eddie Jordan is reportedly making an offer for Playtech. That makes three bids for the gaming tech company. (Image: The Guardian<\/em>)<\/figcaption><\/figure>\n

All told, Playtech, which makes software for internet casinos<\/a>, web-based poker rooms, and online sports wagering, has three bids on the table. Last month, the company agreed to a $2.8 billion deal<\/a> with Aristocrat Technologies, one of the world\u2019s largest makers of gaming machines. Playtech’s board is recommending to investors they accept that offer.<\/p>\n

JKO has indicated to Playtech it was in talks with New York-based investment firm Centerbridge Partners LP and other parties to explore funding for a possible bid, Playtech said late on Wednesday. Discussions with JKO were at an early stage and there was no certainty that they would result in an offer, it added,\u201d<\/strong> reports Reuters.<\/i><\/p><\/blockquote>\n

The other proposal to acquire Playtech is from Gopher Investments, the company’s second-largest shareholder. Earlier this year, Gopher attempted to acquire Playtech’s Finalto unit<\/a>, entering into a bidding fracas with Finalto management in the process.<\/p>\n

Jordan Tied to Previous Gaming Takeover Rumors<\/h2>\n

Jordan, formerly the owner of a Formula One (F1) team bearing his surname, was tied to some gaming industry mergers and acquisitions speculation earlier this year.<\/p>\n

\n

In July, reports surfaced that the Irish businessman was mulling a bid for<\/a> Scientific Games’ (NASDAQ:SGMS) OpenBet sports wagering platform business. That unit was sold in September to Endeavor Group Holdings, Inc. (NYSE:EDR), the parent company of the Ultimate Fighting Championship (UFC), for $1.2 billion in cash and stock.<\/p>\n<\/div>\n

Interestingly, Keith O’Lauhglin — a former Scientific Games executive — is Jordan’s partner at JKO. The firm confirmed it is considering a run at Playtech.<\/strong><\/p>\n

Playtech also provides software for fixed-odds arcade games, online games, and provides services for scratch games. It was founded in Estonia more than two decades ago, and is headquartered in the Isle of Man. Aristocrat\u2019s courtship of Playtech is aimed at bolstering its offerings in the fast-growing iGaming and regulated sports wagering industries.<\/p>\n

What’s Next for Aristocrat<\/h2>\n

Aristocrat says it’s still working with Playtech to bring the deal across the finish line, and the regulatory process is moving along. The suitor previously highlighted the benefits of acquiring the UK-based technology company.<\/p>\n

The transaction could \u201cdeliver medium-term revenue and earnings growth, in particular in the fast-growing North American online real money gaming (RMG) segment, combining Aristocrat\u2019s industry leading gaming content, long-term customer and regulatory relationships with Playtech\u2019s technology and platform,\u201d <\/strong>said Aristocrat in a statement announcing its offer.<\/p>\n

The Reuters <\/i>article did not state what JKO’s offer is for Playtech. Nor did it mention the possibility of Aristocrat upping its bid for the target.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming technology provider Playtech landed another takeover offer courtesy of JKO Play Ltd., a consortium led by former Formula One team owner Eddie Jordan. All told, Playtech, which makes software for internet casinos, web-based poker rooms, and online sports wagering, has three bids on the table. Last month, the company agreed to a $2.8 billion […]<\/p>\n","protected":false},"author":46,"featured_media":192579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093],"tags":[],"acf":[],"yoast_head":"\nPlaytech Now Has Three Takeover Offers On The Table<\/title>\n<meta name=\"description\" content=\"Playtech has three takeover offers to consider following a bid from Eddie Jordan, but the company recommends Aristocrat offer to investors.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Playtech Now Has Three Takeover Offers On The Table\" \/>\n<meta property=\"og:description\" content=\"Playtech has three takeover offers to consider following a bid from Eddie Jordan, but the company recommends Aristocrat offer to investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-20T22:30:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-21T01:58:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/EJ.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/\",\"url\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/\",\"name\":\"Playtech Now Has Three Takeover Offers On The Table\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/EJ.jpg\",\"datePublished\":\"2021-11-20T22:30:06+00:00\",\"dateModified\":\"2021-11-21T01:58:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Playtech has three takeover offers to consider following a bid from Eddie Jordan, but the company recommends Aristocrat offer to investors.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/playtech-now-has-three-takeover-offers-on-the-table\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/EJ.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/EJ.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Former Formula One team owner Eddie Jordan is reportedly making an offer for Playtech. 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