Casino software developer Playtech gets approval to sell Finalto Lou De Aguila 17. June 2022 | UPDATED ON: 17. June 2022 Post Views: 58 Playtech, a renowned developer of real-money casino software, said on Wednesday that it had secured the required regulatory clearances to finalize the sale of its financial trading segment Finalto to Gopher investments of Hong Kong. Playtech shareholders authorized the cash-only sales of $250 million in December 2021, and the firms anticipate closing the transaction by the end of June 2022. Playtech is letting go of Finalto The division’s dismal performance is another reason why Playtech is eliminating Finalto. The IT provider declared its intention to sell Finalto in March 2021. Initial interest in the proposal came from a consortium headed by Barinboim Group, an Israel-based private equity group. In May 2021, they presented a bid for up to $210 million, followed by Gopher’s proposal in July. Due to worries about the Hong Kong equity fund’s ties to China, the board of directors selected Barinboim’s offer. However, Playtech’s shareholders did not concur and voted against Barinboim’s bid, leaving Gopher as the only prospective acquirer of Finalto. Despite the consortium’s ongoing interest, Gopher was able to allay Playtech’s fears, and the two parties successfully completed a $250 million transaction. The sale of Finalto, which comprises Retail Forex/CFD broker Markets.com, will dramatically increase Gopher’s FX and CFDs market footprint. Top 10 US Casino Sites to Play Real Money Slots Slot Title Pay Back Key Features 1 Welcome Bonus: 200% Up to $1,000 Slots: 225+Win Ratio: 97.92%Welcome Bonus: 200% Up to $1,000Play NowOur score: Welcome Bonus: 200% Up to $1,000Read more2 Welcome Bonus: 125% Up to $1,250 Slots: 300+Win Ratio: 96.5%Welcome Bonus: 125% Up to $1,250Play NowOur score: Welcome Bonus: 125% Up to $1,250Read more3 Welcome Bonus: 250% Bonus Slots: 180+Win Ratio: 91%Welcome Bonus: 250% BonusPlay NowOur score: Welcome Bonus: 250% BonusRead more4 Welcome Bonus: 350% Up to $2,500 Slots: 225+Win Ratio: 98.32%Welcome Bonus: 350% Up to $2,500Play NowOur score: Welcome Bonus: 350% Up to $2,500Read more5 Welcome Bonus: 235% Bonus + 50 Free Spins Slots: 180+Win Ratio: 98.56%Welcome Bonus: 235% Bonus + 50 Free SpinsPlay NowOur score: Welcome Bonus: 235% Bonus + 50 Free SpinsRead more6 Welcome Bonus: 240% Bonus + 40 Free Spins Slots: 300+Win Ratio: 98.01%Welcome Bonus: 240% Bonus + 40 Free SpinsPlay NowOur score: Welcome Bonus: 240% Bonus + 40 Free SpinsRead more7 Welcome Bonus: 125% Up to $1,000 Slots: 300+Win Ratio: 97.82%Welcome Bonus: 125% Up to $1,000Play NowOur score: Welcome Bonus: 125% Up to $1,000Read more8 Welcome Bonus: 280% Up to $14,000 Slots: 200+Win Ratio: 97.Welcome Bonus: 280% Up to $14,000Play NowOur score: Welcome Bonus: 280% Up to $14,000Read more9 Welcome Bonus: 300% Up to $2,000 lots: 160+Win Ratio: 96%Welcome Bonus: 300% Up to $2,000Play NowOur score: Welcome Bonus: 300% Up to $2,000Read more10 Welcome Bonus: 250% Up to $1,000 Slots: 160+Win Ratio: 97.18%Welcome Bonus: 250% Up to $1,000Play NowOur score: Welcome Bonus: 250% Up to $1,000Read more Facing Acquisition Difficulties Playtech is approaching the conclusion of its takeover negotiations with TTB Partners of Hong Kong. With a final deadline of June 17, it is unknown if the two sides will be able to achieve an agreement after more than four months of discussions. The shareholders of Playtech recently rejected Aristocrat Leisure’s $3.75 billion offer to acquire the company. Aristocrat Leisure is an Australian manufacturer of gaming equipment. Gopher indicated interest but ultimately withdrew from negotiations. The Playtech board has repeatedly assured shareholders of continuous work on the TTB purchase, but essentially no fresh information has been released. Playtech’s CEO, Mor Weizer, supports the move, but as the cutoff date approaches, it is becoming more probable that the company will stay independent for the foreseeable future. Playtech is one of the biggest and most respected worldwide software vendors for gaming and betting. The motivation for the sale was the company’s desire to concentrate on its core business and streamline its overall structure. This streamlining will enable Playtech to focus on its successful B2B and B2C operations, which was one of the primary drivers to the company’s 12 percent revenue growth in 2021. Playtech has just expanded into Canada and Mexico and posted a record EBITDA for the first quarter of 2022 of $105 million. About Lou De Aguila Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time. View all posts by Lou De Aguila →