Playtech looks to sell off its financial trading arm

UK-based Playtech Plc has indicated that it was in talks to sell its financial trading arm for up to US$200 million in cash, as the gambling software maker seeks to focus on its core business that has benefitted from a pandemic-led spurt in online betting.

Playtech in talks to sell financial unit for $200 million (Reuters)

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.