Playtech To Challenge Irish Opposition To Ava Trade Deal

Talks appear to have failed, now the focus changes to litigation

Playtech's troubles over its acquisition of Ava Trade Ltd (see previous InfoPowa reports) continued Tuesday with an update from the company suggesting that it has been unable to resolve the opposition to the deal of the Central Bank of Ireland, and will formally challenge the bank's decision.
The update advises:
"The Central Bank of Ireland ("CBI") has reverted to the company's Irish legal advisers and clarified its position. Following this communication and having taken legal advice, the company intends to formally challenge the decision."
InfoPowa readers will recall that late Friday the CBI advised Playtech of its opposition to the takeover for reasons that have yet to be disclosed publicly.
In response, Playtech revealed in a stock exchange notification that it had communicated with the bank in an attempt to resolve the impasse.

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.
bryan@casinomeister.com

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