© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Playtech forays into FX trading market with $224 million buy
Posted 2nd July 2015

Playtech forays into FX trading market with $224 million buy

Gambling technology company Playtech is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million).

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Playtech forays into FX trading market with $224 million buy
View Biography
Image

View Biography
Image

Gambling technology company Playtech is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million).

Playtech provides software used in sports betting and online casino and poker games and counts Betfair, William Hill and Paddy Power as its licensees.

TradeFX, a trading platform and payment services provider is majority owned by a trust for the benefit of Israeli billionaire Teddy Sagi, Playtech’s largest shareholder.

“We intend to offer TradeFX trading platform to all of Playtech’s licensees and other gaming companies, given the fact that the trading platform is complementary to gaming companies’ operations,” Playtech’s Chief Executive Mor Weizer told Reuters.

Playtech shares rose as much as 5% on Thursday morning, and were up 3.1% at 801p by 1022 GMT.

The deal is expected to generate both cost and revenue synergies and would help Playtech enhance its customer base and enter new markets as TradeFX operates in more than 100 countries.

The Isle of Man-based Playtech said it will buy a 91.1% fully-diluted stake in TradeFX, known for the brand markets.com, with an additional payment of up to 250 million euros based on future performance.

Markets.com provides foreign exchange and CFD (contract for difference) trading platforms, including the popular MetaTrader 4 platform.

The gambling industry is looking for ways to bolster growth through acquisitions in light of increasing taxes and regulations in some of its biggest markets.

Playtech is gaining the benefits of a partnership with British gambling company Ladbrokes to distribute all of its Live Games, across all platforms including desktop and mobile.

It also launched its casino products via the online site of Mexican gaming operator Grupo Caliente last year.

“With sustainable earnings growth and potential for earnings-accretive M&A, Playtech remains the top pick,” analysts at Exane BNP Paribas said.

Weizer said gaming remained the core business of Playtech.

Canaccord Genuity is the sole sponsor and a joint financial adviser for the deal while UBS Investment Bank is a joint financial adviser.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Lower Profits at Brazil’s Foreign Banks Limit Expansion
Leadership
16/02/2015Lower Profits at Brazil’s Foreign Banks Limit Expansion

Reduced profits from capital market-related activities to hold back plans for expansion in the country.

Read Full PostRead - Eye Icon
3 Ways to Optimise AML Controls for ESG Concerns
Corporate Social Responsibility
24/10/20233 Ways to Optimise AML Controls for ESG Concerns

ESG (Environmental, Social, and Governance) has become a top focus for many organisations as customer and shareholder demands for greater commitment grow, coupled with increasing regulatory expectation.

Read Full PostRead - Eye Icon
The Benefits of Holding Life Insurance: Rewards for Your Peace of Mind
News
06/04/2022The Benefits of Holding Life Insurance: Rewards for Your Peace of Mind

When it comes to life insurance, there are many benefits that come with holding a policy. From peace of mind to tax breaks, there are many rewards for holding insurance. This blog post will discuss 10 of the top benefits of holding life insurance. If you have

Read Full PostRead - Eye Icon
Forex Broker, Orbex, Celebrates International Women’s Day with ‘Invest Like Her’ Campaign
Finance
09/03/2015Forex Broker, Orbex, Celebrates International Women’s Day with ‘Invest Like Her’ Campaign

In celebration of the International Women's Day, Forex broker, Orbex, has launched a campaign in honour of the women in finance.

Read Full PostRead - Eye Icon
Xactly Right
Strategy
23/07/2015Xactly Right

Cloud based solution firm Xactly announce new Strategic Services product which helps customers to optimise their sales compensation.

Read Full PostRead - Eye Icon
Microsoft Acquisition of LinkedIn Controversy
M&A
13/12/2016Microsoft Acquisition of LinkedIn Controversy

Businesses like to diversify. This shows a strong commitment to customers, risk taking and innovation – a recipe for success.

Read Full PostRead - Eye Icon
An Expert Witness in the Field of Orthopaedics
Leadership
22/07/2019An Expert Witness in the Field of Orthopaedics

RSW Medico-Legal Ltd provides medico-legal services in Trauma and Orthopaedics. Recently, we caught up with Founder, Richard Scott-Watson, MEOL Accredited Expert, who provided us with a glimpse of the exceptional services he provides to clients, as well as off

Read Full PostRead - Eye Icon
Technology Aftermarket Support Secures Success
Innovation
23/03/2020Technology Aftermarket Support Secures Success

Technical services and aftermarket support have become an increasingly important battleground for technology manufacturers as the expectations of consumers and end-users continue to rise. Rising to meet them is Qcom, a support partner which delivers these serv

Read Full PostRead - Eye Icon
Why Business Intelligence Tools Are a Great Way to Track Your Growth
Innovation
29/07/2022Why Business Intelligence Tools Are a Great Way to Track Your Growth

Elements of running a successful business can feel invisible; you can look at profits, losses, and sales, but it’s not always straightforward to ascertain why the figures are what they are. What’s causing the drops or surges and where you should concentrat



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow