| Playtech to Raise £100m to Fund Expansion |
| Written by Mark Bennett |
| Wednesday, 23 November 2011 21:16 |
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Playtech the world’s largest publicly-traded online gaming software supplier has announced that it will be raising £100 million through the sale of discounted shares in order to finance further acquisitions and invest in new joint ventures. The company plans to offer a further 46 million shares at a price of 215p, which is a 2.5 percent discount to yesterday’s closing price. The shares fell today to 215.5p making the offer less attractive to potential investors. A statement from the Estonian-based company, which offers cutting-edge, solutions to the industry’s leading gaming operators, said it had identified a number of acquisition opportunities which would help it expand its own technology and products. The potential opportunities vary in size up to a value of £40 million.
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