Gambling software specialist Playtech has an €858m stockpile of cash ready to acquire other businesses, it was revealed in the company’s report this week.
Playtech recorded a 38 per cent increase in revenues to €630.1m in 2015, although pre-tax profits fell to €142m.
The company was prevented from making two major acquisitions last year – those of Plus500 and Ava Trade, for a combined would-be cost of around €450m - but CEO Mor Weizer said that it was now involved in a number of talks with possible targets. These are thought to include OpenBet.
