Playtech Runs Into Difficulties On Ava Trade Acquisition

Central Bank of Ireland opposes takeover

Playtech has run into opposition from the Central Bank of Ireland regarding its acquisition of Ava Trade Limited (see previous InfoPowa reports).
In a stock exchange notification Monday Playtech advised that late on Friday , it received a letter from the Central Bank of Ireland opposing the proposed acquisition of Ava Trade.
"Having taken legal advice and having regard to the circumstances at hand, the company will be seeking clarification from the CBI today and to engage with them in order to discuss certain issues raised in the letter which the company believes can be addressed to the CBI's satisfaction," the company statement notes, without revealing the nature of the issues.
Playtech has already received approval for the Ava Trade acquisition from the Financial Services Commission in the British Virgin Islands.
In the notification, Playtech advises that in regard to its proposed acquisition of contracts-for-difference company Plus500 Limited it is working on securing regulatory approval, having already received approval from the Cyprus Securities Exchange Commission.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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