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>\nPlaytech 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>\nThe 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":"\n
Playtech Now Has Three Takeover Offers On The Table<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n