Playtech addressed media speculation regarding another possible takeover bid by the company, noting that it received a preliminary approach from JKO Play Limited on November 5, 2021.
JKO, a company controlled by Eddie Jordan and Keith O’Loughlin, sought access to certain ‘due diligence’ information in order to explore the terms on which an offer could be made.
JKO is in discussions with Centerbridge Partners L.P., among others, regarding the possibility of providing an institutional offering and structured equity financing. In accordance with its fiduciary duties, Playtech’s board of directors has provided JKO with access to key ‘due diligence’ information.
“Discussions with JKO are at an early stage and are ongoing,” Playtech said. “As such, there can be no certainty that JKO’s approach will result in an offer to the company, nor as to the terms on which any offer may be made.”
Playtech also noted the approach previously announced by Gopher Investments on October 21, 2021, and the agreement reached with Aristocrat (UK) Holdings Limited on October 17, 2021.
“This announcement was made without the prior consent of JKO, Gopher or Aristocrat,” added Playtech. “Another announcement will be made as and when appropriate.”
About Playtech
Founded in 1999 and with premium shares listed on the main market of the London Stock Exchange, the company is a leader in the gaming and financial transactions sectors and has 6,400 employees in 24 countries.
The brand offers business intelligence driven gaming platform software, services, content and technology across the industry’s most popular product verticals including casino, live casino, sports betting, virtual sports, bingo and poker.
