The online software developer has hired the premier law firm to see through its £550 million initial public offering.
“We are delighted to be involved in the latest high-profile corporate transaction in the online gambling industry. We have been involved in a number of AIM IPOs in the online gaming sector this year, including playing the lead corporate advisory role on the £214m IPO of the online gaming for software provider, Excapsa Software in February, and the gaming regulatory role on the AIM IPO of the Chinese lottery and Asian handicap sports betting platform provider, Betex Group, earlier this month. We continue to see very high levels of corporate activity in the sector, particularly on the mergers and acquisitions side as the consolidation phase of the industry continues apace,” commented David Collins, head of BLP Corporate finance.
Earlier this week, Playtech announced its membership in the Remote Gambling Association, which came soon after the company\’s acquisition of a Certificate of Prior Approval from Alderney.
The Remote Gambling Association was founded in July of 2005 following the merger between the Association of Remote Gambling Operators and the Interactive Gaming, Gambling and Betting Association.
The RGA represents and works for the benefit and service of remote gambling operators in the areas in which their members have an interest. Aside from representing members\’ interests to national governments and public bodies, the RGA also works to encourage high standards of probity and integrity within the betting and gaming industry, both for the benefit of its members and the public in general.
“We at Playtech are extremely pleased with our new membership in the RGA. Their work is invaluable to the gaming industry, and we feel that they can represent our interests to regulatory authorities,” said a Playtech\’s spokesperson.
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