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Playtech to Acquire Plus500 Binary Options Trading

plus500-logo
It may be just a matter of weeks since we heard of Playtech’s acquisition of binary options brand TradeFX, but it already seems that the developer has moved on to its next conquest. Today it was announced that Playtech had forked out another few hundred million pounds for yet another binary options (also known as binary trading) company. This time round, it’s the relative newcomer Plus500 which has attracted Playtech’s attention.

Plus500

Plus500 Ltd is a pretty average trading platform company based in Israel, but operating throughout the world and available to traders/players in the UK. Despite having proved a successful player in its own right over the last few years since the brand launched, Plus500 recognises the financial security which can be offered by teaming up with Playtech, and the additional benefits which come from a more experienced management team.

Acquisition

Playtech LogoThe acquisition values Plus500 at a cool £459.6 million (€641.5 million/$702 million). This may sound like an awful lot of money to the average person, but surprisingly, it’s actually a bit of a steal for Playtech. They're getting Plus500 cheap thanks to the financial mess it’s in after questions were raised during a money laundering investigation. It’s hoped that the deal – which is set to be completed by September 2015 – will repair the image of the company. It’s certainly good news for shareholders, who will be entitled to 400p per share.

Playtech and Binary Options

With this being Playtech’s second binary options acquisition in as many months, it seems clear that the software developer-cum-betting operator has got its sights set firmly on carving out a space at the centre of the booming binary options market. Up until now, the majority of binary options sites have operated independently – reflecting the niche market they catered for – so we can definitely see the ramping up of interest by Playtech and similar companies as a change in the way binary options are viewed. It won’t be surprising to see more acquisitions like this go hand in hand with an increase in player numbers in the near future.

For more information on binary options, why not have a read through our exclusive Guide to Binary Options?

About Duncan

Duncan is Droid Slots’ resident news reporter. His main concern is making sure readers know about all the goings on in the mobile slots world. He keeps his ear to the ground to make sure no new game or new casino launch slips through the net, and ensures that Droid Slots publishes news of latest mobile casino developments as soon as he knows about them.Duncan has been writing for Droid Slots so long that he dreams about slots, and has a compulsion to share everything he knows about mobile casinos with anyone who will listen – while this is boring for his friends and family, it’s great news for the Droid Slots’ readers. He is also always the first to know about the best promotions about to go live, so not a bad person to have around.

Industry News

Nothing happens in isolation, and never is that more true than with mobile casinos. What happens behind the scenes at casinos, developing houses and throughout the industry has a direct knock-on effect on the experience of players.

This is why we have a dedicated section of our site in which we look exclusively at industry news, and try and track the goings on and industry trends what matter to you – the player.

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