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Gambling News - 'Playtika'
Business
November 24, 2022
Playtika Completes $25М Ace Games Investment
Mobile gaming entertainment and technology company Playtika Holdings announced the successful completion of a $25 million minority investment in Turkish mobile gaming developer Ace Games. The move aims to bolster Playtika’s international growth and expand the company’s footprint in the mobile gaming market. Playtika Invests in Winning Verticals Playtika’s newest investment comes not long after […]

Business
November 8, 2022
Playtika Holdings Reports Stable Revenue and a Drop in Net Income for Q3
At the beginning of August, NASDAQ-listed mobile gaming entertainment and technology company Playtika Holdings reported a stable revenue for Q2 2022 along with a net income drop of around 60%. Now, the company has published its third-quarter results for the period ending September 30. Among the most important markers highlighted by the report, we can […]

Business
August 5, 2022
Q2 Playtika Revenue Stable, Net Income Down Almost 60%
The company’s Q1 results were much stronger and the tougher operating climate seems to be the story most companies to show such results resort to. Financial Results Speak for Themselves Although Playtika’s revenue has remained almost unchanged, sitting at $659.6 million, compared to $659.2 million in the same period last year, net income has seen […]

Casino
March 25, 2022
Playtika Purchased JustPlay.LoL to Diversify Gaming Portfolio
Playtika has purchased JustPlay.LoL, a platform that has developed the battle royale game 1v1.LOL. The title is a third-person shooter game that is predicated on experiences similar to Garena Free Fire, PlayerUnknown’s Battlegrounds, and Fortnite. 1v1.LOL Makes Fine Addition to Playtika’s Portfolio Playtika has completed the acquisition in a bid to continue adding to what […]

Blockchain
March 11, 2022
Playtika Hires Web 3.0 Specialist Jacob Mendel to Its Team
Playtika, an Israeli digital entertainment company producing mobile casino games, has reinforced its team by appointing Jacob Mendel as the vice president of blockchain technology. Mendel Brings Two Decades of Experience to the Company Blockchain technology is one of the hot topics in the gambling industry. When it comes to innovation, the possibilities of the […]

Poker
February 4, 2022
Laurence Fishburne, Playtika Team Up for WSOP Game Commercial
Israel-based digital entertainment company, Playtika, announced that it joined forces with Laurence Fishburne for a new commercial. Laurence Fishburne Participates in a New Playtika WSOP Commercial The legendary Hollywood actor participates in Playtika’s World Series of Poker (WSOP) play-for-fun poker game commercial. The new commercial launched in the US on Thursday, February 3. For Fishburne, […]

Business
September 2, 2021
Reworks Joins Playtika in a $600M Acquisition Agreement
In a rather curious business decision at first glance, Israel-based digital entertainment company Playtika announced this Monday that it is acquiring the owner of the home design game Redecor – the Finnish company Reworks. Playtika’s Eighth Acquisition Deal The deal envisions Playtika paying $400 million upfront for 80% of Reworks and an additional of up to $200 million based on the target’s […]

Business
August 6, 2021
Playtika Records Increased Profits, Will Explore More M&A Activity
Playtika, a leading social gaming business, had higher revenue and much lower costs of maintaining the company running, which is why H1 resulted in profits, stated the chief financial officer of Playtika. Statistics showed that for the first half of 2021, the revenue reached $1.30 billion, or an increase of 9.6%. While the $1.30 billion […]

Business
January 15, 2021
Playtika Goes Public, Raises $1.88B through an IPO
Gaming developer Playtika launched an initial public offering (IPO) today, selling to the public 69,500,000 shares of its common stock. Earlier in the month, the company announced its intention to go public and list on the Nasdaq Global Select Market, expecting the offering price to be between $22 and $24, but today it initiated the […]

Business
January 9, 2021
Playtika Launches IPO To Capitalize on Gaming Trend
Playtika Holding Corp launches IPO in an attempt to boost its valuation to $10 billion and capitalize on gaming trend Playtika Launches IPO Israeli gaming company Playtika Holding Corp has launched an initial public offering in the US to further boost its growth and capitalize on the growing demand for mobile gaming. The company is […]
