Playtech shareholders did not approve Australian gaming machine maker Aristocrat Leisure’s offer to acquire Playtech, hence the deal fell through.
On Wednesday, a Playtech Court Meeting and General Meeting was called to discuss whether or not to accept the purchase offer, which needed the support of 75% of the attendees. However, just around half of the shareholders have voted to support the sale, according Reuters’s cited sources.
Playtech has said in a statement that it is exploring alternative possibilities in the meanwhile, but it has been cagey about providing specifics.
Playtech anticipates FY21 revenues to exceed previous predictions and will continue to be a leading player in the online real money gaming sector regardless of the outcome of the purchase. Since its previous trade update in November 2021, the company has seen ongoing solid success across its primary B2B and B2C businesses and expects this to continue into the future.
After Mexican casino operator Caliente debuted a Playtech-powered casino site in 2021, the company saw substantial growth in Latin America, while Snaitech, a Playtech subsidiary, has seen great development in the European Union.
Playtech CEO Mor Weizer commented on the meeting’s outcome, saying, “Playtech remains in a strong position and continues to perform very well across its core B2B and B2C businesses.” This success is a direct result of our cutting-edge technology, innovative products, and dedicated staff.
To to Playtech’s CEO, “We remain confident in our long-term growth prospects and, in particular, our ability to benefit from the structured agreements (including Caliente) that are already allowing Playtech to access newly opened gaming markets.”