Playtech Plans to Acquire OpenBet and Amaya Softwares
Playtech, part of the powerhouse and most popular league of software providers today, is planning to expand and improved through its plan of acquiring other high-end brands known in the market today. The software provider is known for its slot games and abundant gaming library filled with topnotch and exhilarating games that are seemingly flawless and lucrative. It's unquestionably reliable, trustworthy and exceptional, making it one of the best providers today. This is also exactly the reason why many has high expectations and is anticipating the plan of getting new acquisitions of the software provider.
It was mentioned over the internet that the Playtech platform has already set its sight with a total budget of £800 Million for its plan of gaining a new array of acquisitions for its side. According to Teddy Sagi, an Israeli Billionaire who conceived and established the renowned platform on 1999, he is planning to spend the £250 Million from their allotted budget to get a deal with the Vitruvian Partners' OpenBet Software which is a UK-based platform that's starting to gain popularity in these days.
Unfortunately, this step planned by the founder of Playtech is still in question as there are vast numbers of UK-based platforms that are already acquired by the brand. By acquiring other brand, there could be internal discord or competition that may occur, triggering unnecessary series of events that may prove to become a blow to the brand.
The brand of Playtech also mentioned that they are planning to try acquiring the Canada-based software platform that's one of the owners of the revered Pokerstar brand, the Amaya. The brand is subject to a stunning take-private bid of about $2Bn or £1.4Bn which is a bit far from the budget allotted by the brand. The bid is from David Baazov which is the Chief Executive of Amaya. This information was from the report given by 'Sunday Times'.
The £800 Million budget of the brand comes from a £600 Million fund available along with a £200 Million that they can get with ease through selling Ladbrokes and Plus500 Stakes. They also had a deal where they were able to acquire YoYo Games. Unfortunately, not all their endeavors were a success and one of them was when their broker from Ava Trade fell through because of disputes on regulatory issues.