Playtech Acquires AvaTrade, Optimal Closes In On Skrill Deal

Playtec<span id="more-27715"></span>h Acquires AvaTrade, Optimal Closes In On Skrill Deal

Playtech is delighted with its $105 million acquisition of CDF trading business AvaTrade.

Online gambling software giant Playtech has announced that it’ll acquire the platform that is currency-trading for $105 million.

The move is the most recent in a string of online trading business acquisitions by Playtech as it seeks to diversify its offering beyond its casino, sports betting and poker operations, at a time as soon as the on the web gambling industry is coming under stricter regulatory and financial burden.

In Playtech bought Plus500 for £460 million ($718 million) february.

Plus500, like AvaTrade, in a ‘contract-for-difference’ (CFD) broker that permits customers to take a position on markets and trade on movements of a selling price without owning those assets.

A trading platform and payment services provider, for €208 million ($230 million) in April this year, Playtech acquired TradeFX.

Two Million Trades per Month

Founded in 2006, AvaTrade has 20,000 registered customers who execute more than two million trades per month. The business’s total trading volumes surpass $60 billion per thirty days, according to its website.

‘The Ava Group is really a well-recognized and established online CFD broker with multiple regulatory licenses and a strong client base with insignificant geographic overlap utilizing the TradeFX Group,’ said Mor Weizer, CEO of Playtech. ‘We are very excited concerning the opportunities for the Group arising from the mix of the Trade FX Group and the Ava Group which we are confident will deliver term that is long for Shareholders.’

‘The acquisition of the Ava Group is another important milestone in Playtech’s technique to expand and enhance its general technology offering through multiple vertical areas,’ he added. ‘Since the current earnings-enhancing acquisition of TradeFX while the creation of our financials unit we have wanted further possibilities to broaden our reach into this straight.’

Optimal Strategy

Meanwhile, Optimal Payments has announced that it expects to complete its acquisition of rival online payment provider Skrill by the end of the month.

The company will acquire Skrill in a reverse takeover deal for €720 million ($799.7 million) and 37,493,053 brand new shares that are ordinary.

‘Completion of the acquisition of Skrill remains at the mercy of regulatory approval by great britain’s Financial Conduct Authority, which is anticipated to be made no later than 30 July 2015, unless the FCA workouts its statutory straight to interrupt the consideration period,’ Optimal said in a official statement. ‘Completion of the acquisition will shortly take place following the receipt of FCA approval.’

Optimal stated the deal will be ‘transformational and value boosting’ for the business, helping it to become the ‘leading payment and wallet that is digital with significant international scale and reach.’

Jackpot Digital Buys PokerTek

Finally, capping off a week that is busy the industry’s M&A lawyers, computer software provider Jackpot Digital has announced a deal that will see it get all the assets of PokerTek from Multimedia for $5.4 million.

PokerTek, which builds electronic dining table games, has created approximately $3.5 million in the last year, and Jackpot Digital said the integration of its existing platform with the acquired assets would ultimately enhance user-experience and increase revenue for the company.

New Jersey On The Web DDoS Attacks on Regulated Sites Arrive with Bitcoin Ransom Notes

Current nj-new Jersey DDoS attacks on unnamed regulated sites had been associated with a ransom note promising future, more severe attacks should businesses not comply. (Image:

DDoS (distributed denial of solution) just isn’t a real possibility that any gaming that is online ever desires to handle, but some regulated New Jersey internet sites had to do exactly that last week.

New Jersey’s fledgling online gambling industry has been targeted, evidently for the first-time, by these distributed attacks.

Late last week, at least four unnamed sites had been derailed by a hacker, or hackers, who flooded the sites’ bandwidths with traffic, making them inoperable, and ultimately taking them offline for around half an hour.

The attacks were accompanied by a ransom note for an undisclosed sum, payable in Bitcoin, with a threat of a more serious attack to follow.

Not New, But play indian dreaming slot Frustrating

DDoS attacks are nothing brand new for the gambling that is online, of course. In fact, they truly are as old as the industry itself, but there are suggestions that incidents of the unwelcome actions have been growing. Some professionals also claim that attacks across all industries that are online doubled in 2014.

High-profile operators on the getting end last year included Betfair, that was targeted on Grand National day, the biggest UK horse race meet of the year in terms of betting.

Attackers usually time their efforts to coincide with big events that are sporting the hope that operators will merely spend up rather than lose business. PokerStars, Unibet, and state that is swedish monopoly Svenska Spel will also be all present victims.

Chances of Prosecution Slim

Regardless of the interruption that is initial it appears that the situation is now stable and has been effectively dealt with by the brand new Jersey market’s cybersecurity teams. The battle between online gambling sites and the hackers is certainly one of mouse and cat, of strategy and counterstrategy: as protection technology improves, therefore do the hackers’ efforts to breach it.

Nj Division of Gaming Enforcement President David Rebuck said this week that the matter was now being investigated by state police, the FBI, and this new Jersey Office of Homeland Security and Preparedness, also as their own organization. The agencies that are various he said, were hunting a ‘known actor’ who had ‘done this before.’

Possibilities of prosecution are slim, however. To date, only two guys have been convicted for launching DDoS attacks. Those had been two UK-based Poles whom made the blunder of threatening an operator they knew individually and agreeing to meet him in a hotel room. The operator, of program, brought the authorities with him. In 2013, the hapless pair were sentenced to five years in jail with a court in the UK.

LVS Attack

Such attacks are not limited to online gambling, of course. In February 2014, Las Vegas Sands Corporation (LVS), owned by anti-online curmudgeon Sheldon Adelson, had been put through a massive cyber attack that was believed to possess emanated from Iran. On 10, LVS was plunged into chaos as computers began flatlining and servers shutting down february. Hard drives were wiped clean as malware ripped through the business’s networks.

The decision was taken to sever the multibillion dollar operation completely from the Internet as hackers began compressing and downloading batches of sensitive files, comprising everything from high-roller credit checks to details of global computer systems.

The attack caused an estimated $20 million worth of damage. The attackers afterwards claimed their DDoS actions was been prompted after hearing remarks made by Adelson in 2013 about ‘dropping the bomb’ on Iran.

NY Casino License Bidding Process Receives One Applicant

Tiago Downs, the single bidder for the fourth NY casino license, proposes an improved expansion package having didn’t impress last December. (Image:

Regulators in nyc State have actually slim pickings whenever they come to select the winner of the Upstate that is fourth casino in the economically deprived Southern Tier region.

Just one single contender presented a proposition for Monday’s deadline, while a rival pulled out at the minute that is last.

The Tioga Downs racino in Nichols is the one and only applicant for the area, with a $195 million expansion proposal to its current facility.

The proposal that is aborted from businessman Jeffrey C. Hyman, had been pulled having been dealt ‘a fatal blow’ by their state’s Department of Environmental Conservation.

Hyman said his task would have been ‘seismic,’ which may have been what the environmental people were complaining about in the beginning, especially if you think about there is an ongoing debate about fracking in the area.


Unfortunately, Jeff Gural, owner of Tioga Downs, neglected to impress the Gaming Control Board at the original certification hearing together with project in December 2014, although he’s got since come up having an package that is improved.

Back then, the board recommended three casino licenses, for Monticello, in the Catskills; Schenectady; and the Finger Lakes area, snubbing the Southern Tier and Tioga Downs totally, despite having been granted the powers to recommend a license that is fourth.

Gural was furious at the decision and extremely critical regarding the board. He argued that a casino in the Southern Tier could be perfectly rational, as the closest competitor is Mohegan Sun at Pocono Downs, 90 miles south in Wilkes-Barre, Pennsylvania

‘It’s got nothing to do with me, i’ve sufficient money,’ he fumed. ‘ But the social individuals for the Southern Tier?’

‘And what actually pisses me off,’ he continued, warming to his theme, ‘is the governor asked me to spend $800,000 of my money to pass law that is local, Proposition One [on the expansion of casino gaming]. What was that all about? We mean… the thing that is whole sickening to be honest with you.’


Such had been the outcry among locals, in fact, that Governor Andrew Cuomo intervened, requesting that the Gaming Commission reconsider.

‘As this would function as license that is last in New York State, it may excite national competition by interested parties that submit better yet applications than the initial round,’ recommended Cuomo. ‘If you agree to the request, the [casino board] should quickly establish a procedure for the 4th license that could be complete as expeditiously as you are able to, due to the fact Southern Tier needs jobs and investment now.’

The board complied, a choice it may now regret, itself facing a ‘bidding war’ of one and under political pressure to award a license to a man who has recently been highly critical of its decision making processes as it finds.