$ £

Playtech Shareholders Approve Plus500 Deal

Internet betting giant Playtech has revealed that their shareholders have approved the company's acquisition of spread betting firm Plus500.

The deal is still pending regulatory approval, but is being given an expected completion date of no later than September 30th. Playtech had agreed to purchase Plus500 for £459.6 million. The company had had an estimated value of more than £862 million earlier this year, but UK financial regulators ordered the group to re-organize its money laundering fighting process, which caused the company's value to tumble.

Casino Listings will update this story as more developments.

Share this