Playtika to lay off 600 employees

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Playtika finalises Innplay Labs acquisition

Playtika brokered a deal to purchase Innplay for up to $300.0m (£245.8m/€283.9m) earlier this month. This includes an initial €80.0m, with various clauses meaning the final price will likely be far higher. Innplay Labs has been operating since 2019 and counts Water Ride, Brix Master and Animal Kingdom among its titles. During its relatively short…

Industry ・ 29 September 2023

iGaming Business

Playtika to acquire Innplay Labs for up to $300m

The deal states Playtika will pay an initial $80.0m but various clauses mean the final price could be far higher. Further terms of the agreement, including when the deal could close, were not disclosed. However, Playtika did state the proposed acquisition remains subject to certain, customary closing conditions. Founded in 2019, Innplay Labs counts…

Industry ・ 15 September 2023

INN

Double the Fun: Slotomania and Family Feud Team up for Ultimate Gaming Combo

Slotomania partners with Family Feud for in-app and on-air integration Slotomania, the world's #1 free-to-play slots game* from Playtika, has teamed up with Family Feud, the smash-hit American TV show, to bring the excitement of the classic TV game show to its players with the first-ever free-to-play Family Feud slot machine! This press release…

Industry ・ 19 April 2023

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Exclusive Interview with iGaming Provider, Pragmatic Play

One of the biggest names in online bingo and casino games is Pragmatic Play. From its live casino to Bingo Blast, this provider is on top of its game. We're excited to present an in-depth look at the company and its plans throughout 2023. Read on as we interview Daniel Hansen, Head of B2C. Q: Considering the iGaming space when you launched in 2015,…

Live Gambling ・ 10 February 2023

Wild Casino

$5,000 Welcome Bonus

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European Gaming

Playtika Lays Off 600 Employees

Mobile games firm Playtika is going to lay off some 600 of its employees. These 600 employees make up 15% of the company's headcount. In a statement explaining the situation, chief executive Robert Antokol said that the lay-offs were due to a wind down in "non-core products", which likely means players will see some change in its features. In a…

Jobs ・ 15 December 2022

Gambling News

Playtika, Ready to Cut 12-15% of Its Headcount During Second Wave of Layoffs

Israeli mobile gaming entertainment and technology company that uses art and science to create entirely customized game experiences Playtika has announced its second wave of employee layoffs. In June, the company announced it would bid goodbye to around six percent of its workforce, or the equivalent of 250 of its employees part of game development…

Industry ・ 12 December 2022

The Hans India

Israeli company Playtika to layoff about 600 employees

Israeli mobile games company Playtika will cut 12 to 15 per cent of its workforce. About 600 employees worldwide will be dismissed including 180 in Israel, the media reported. The company expanded its workforce significantly during the Covid pandemic but has been downsizing this year, with the first round of layoffs occurring in June, as reported…

Covid ・ 11 December 2022

European Gaming

Playtika Holding Agrees to $25M Minority Investment in Mobile Gaming Company Ace Games

Playtika Holding, a mobile gaming entertainment and technology market leader with a portfolio of top casual titles, announced execution of an agreement for a $25m minority investment in Turkish mobile gaming company Ace Games. Ace is the developer of Fiona's Farm, a free-to-play innovative casual mobile game that expertly and uniquely combines the…

Mobile ・ 29 November 2022

iGaming Business

Gaming Realms CFO: “I’d like to see Slingo as a live game”

Gaming Realms has gone through a number of evolutions, from a bingo operator to its current incarnation as the Slingo-powered B2B supplier, which last week reported a 9.8% year-on-year increase in revenue for the six months to 30 June. The strength of Gaming Realms' content licensing business - revenue was up 57% on H12021 - offset a significant…

Live Gambling ・ 26 September 2022

Times Union

New Hard Rock Atlantic City boss looks past his casino walls

ATLANTIC CITY, N.J. (AP) - At 11:30 on a Saturday night, Anthony Faranca was meeting with a group of cleaning workers at the Hard Rock casino before they started their shift, introducing himself, asking about their jobs and about themselves. It was a telling indication of how involved and accessible the casino's next president plans to be. Hired in…

Incidents ・ 09 August 2022

INN

Slotomania Tours the US Southern States and Meets Players with a Surprise Cameo from Country Music Star Tanya Tucker

Slotomania ®, the world's #1 play-for-fun slots game* from Playtika ®, has hit the road to meet players as its team tours southern states in the USA by bus. The tour is a unique opportunity for Slotomania's player community to meet the creative brains behind their favourite free-to-play slot game, loved for its striking graphics and thrilling…

Travel ・ 28 June 2022

iGaming Business

Evolution reaffirms low-volume slot strategy with Nolimit City acquisition

From the moment it acquired NetEnt in 2020, Evolution has made it clear that it wanted to be seen not simply as a giant of live casino, but as a "one-stop shop" for online casino operators. To that degree, the rationale for its acquisition of slot developer Nolimit City is obvious. Yet to date, Evolution's random number generator (RNG) division has…

Strategy Guide ・ 23 June 2022

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Light & Wonder Opens Up New Worlds of Play for Private Operators in Ontario With Its Largest New Market Launch for iGaming to Date1

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The gaming company Playtika announced the purchase of Reworks for $400 million Tuesday night. Reworks runs a successful app called Redecor that combines interior design with an element of gaming. The app is ranked second in the world in its field in terms of revenues. This is Playtika' s eight acquisition, and the largest in its history. It's also…

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Evolution makes SEK19.6bn bid for NetEnt

Evolution Gaming has tabled a $2bn bid for slots giant NetEnt in a deal designed to strengthen their position in the US market. Stockholm-listed Evolution said the ambitious SEK19.6bn ($2.11bn/€1.87bn) offer for the casino game developer signalled its intent to become "the world leader in the online gaming industry". The offer has been welcomed by…

Finance ・ 14 December 2021

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Tech Layoffs: Israeli company Playtika to layoff about 12% of its global workforce | Playtika Israeli mobile games company Playtika will cut 12 to 15 per cent of its workforce. About 600 employees worldwide will be dismissed including 180 in Israel, the media reported. The company expanded its workforce significantly during the Covid pandemic but…

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