Online gambling firm Playtech plans USD800m M&A spree

playtech

Focusing on mobile

Gaming developer Playtech is planning to splash more than EUR600m (USD800m) on acquisitions, with an emphasis on mobile and tablet technology startups. Playtech was founded in 1999 and specialises in online betting. The firm, which is headquartered in the Isle of Man, says the upcoming investments follow a 13% increase in earnings during the first six months of 2013.

Playtech also announced the departure of Roger Withers, who leaves in October after seven years. His immediate replacement is Alan Jackson, a senior non-executive director. Playtech develops software for gambling companies such as Betfair, William Hill and Paddy Power.

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