Playtech May Join The Amaya Takeover
Published on by Becky Mosley
Over the weekend the gambling industry was abuzz due to rumours that Playtech may join the takeover of Amaya.
Huge Company
It’s thought that David Baazou is hoping to purchase Amaya with the support of investors and other parties, which would take the Canadian company off the market and in to private ownership. Although you may not have heard of Amaya, they are a huge part of the gaming industry after they purchased Pokerstars in 2014. Amaya is currently worth C$4.4 billion ($3.1 billion), so Baazou will be looking for other people to invest in the buyout.
Playtech Looking To Make More Acquisitions
This is where Playtech could possibly step in. According to reports, the software company are keen to make more acquisitions during 2016 and are even looking into the gaming network Openbet. Mor Weizer, Playtech’s CEO, was featured in the Financial Times saying that his company is very active when it comes to potential takeover deals.“Acquisitions are an inherent and important part of our business,” the CEO said. “Our cash bed is very strong, and it will play a key role going forward.”