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bohikamon Mar 07, 2017 7:21am
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M&A ACTIVITY IN INTEGREGATED GAMING will come to us
M&A ACTIVITY IN INTEGREGATED GAMING will come to us(BFW) Playtech CEO Says Kindred Takeover of 32Red ‘an Opportunit y’ +------------------------------------------------------------------------------+ Playtech CEO Says Kindred Takeover of 32Red ‘an Opportunity’ 2017-02-23 15:59:38.968 GMT By Paul Jarvis (Bloomberg) -- Co. doesn’t have relationship with either business, Playtech CEO Mor Weizer says by phone. * Will be interested in finding ways to cooperate after deal is complete, Weizer says * NOTE: Earlier, Kindred to Buy 32Red for $219 Million in Latest Gaming Deal * M&A is “inherent part” of Playtech strategy, CEO says * Co. spent EU240m on acquisitions last year; returned EU296m to shareholders via dividend and buyback * NOTE: Feb. 7, Playtech Buys Eyecon for a Total Consideration of GBP50m * Nine of co.’s top 10 licensees now on long-term contracts of mainly 3-5 years, CEO says. Customers include Paddy Power Betfair, William Hill, Ladbrokes Coral, Bet 365 and SkyBet * Co. shouldn’t be affected by U.K. govt’s triennial review of gaming industry, Weizer says * Co. earlier reported FY adjusted Ebitda of EU302.2m, up 32% at constant exchange rates vs est. EU300m For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO> To contact the reporter on this story: Paul Jarvis in London at pjarvis@bloomberg.net To contact the editor responsible for this story: Matthew Boyle at mboyle20@bloomberg.net