Playtech Terminates Plus500 Merger

Not confident Ava Trade purchase will go ahead either

Playtech has terminated its proposed Plus500 acquisition after discussions with the Financial Conduct Authority (FCA) have determined it would not be able to fulfil certain conditions set out by the FCA by the deadline of December 31, 2015.
Playtech said it will not incur any financial penalties with respect to the termination of the acquisition of Plus500 and has no immediate plans with respect to its existing 9.9 percent holding in Plus500.
The company's acquisition of Ava Trade hangs in the balance as Playtech believes that the termination of its merger talks with Plus500 increases the risk that Ava Trade sellers may exercise their termination right which was triggered by the Central Bank of Ireland's opposition to the purchase at the beginning of October (see previous InfoPowa reports).

Online Casino News Courtesy of Infopowa

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Casinomeister

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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