Saturday, July 2, 2022
HomeUncategorizedPlaytech to sell Finalto to Gopher Investments for $250m

Playtech to sell Finalto to Gopher Investments for $250m


Playtech has entered into an agreement for the division of merchandise sales, Finalto, to Gopher Investments for $250m in cash.

The bargaining board has unanimously voted Playtech as the best in shareholders interest, and is expected to be completed in H1 2022, under regulatory clearance.

According to Playtech, sales mean “wide-ranging closing process”, allowing the company to focus on its technology-guided offering as a pure marketplace in the B2B and B2C gambling markets. The deal also “increases the predictability and stability of cash for the rest of the company”.

For the first half of 2021 of the financial year, Finalto adjusted EBITDA loss generated $0.6m.

“We are extremely pleased with the success of the Gopher Finalto Sale Agreement. This business delivers our strategy to simplify the company to focus on the overall growth of the B2B and B2C gambling markets, said Playtech CEO Mor Weizer.

“I would like to thank everyone in Finalto for their awesome contributions to Playtech Technology and wish them all success. We are pleased to recommend this agreement to our partners, and we remain well-placed to ensure exciting trading opportunities ahead and sustain growth for the benefit of all of our companies.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments