Playtech, the publicly-quoted company which owns and operates the iPoker network, today announced it had raised £112 million — approximately 9.9 percent of its market value. The company said it plans to use the cash to expand through acquisition and pointed to affiliate marketing companies as one possible target.
Chief executive Mor Weizer said, “We have demonstrated our ability to leverage acquisitions and believe this placing will provide the group with an extremely strong balance sheet that will allow it to take advantage of further opportunities that the current market offers”.
The share price at noon today was 533.50p down 14.50p or 2.65 percent.
