Playtech It has already gained worldwide fame as a gambling developer, and now the company has decided to expand the range of services offered and move into the world of trading. So, the company has just announced the purchase CFH Group. The purchase price was $120 million.
The acquisition of CFH Group was a completely new stage in the development of Playtech.
Playtech has already made attempts to acquire brokers AvaTrade and Plus500. But here are the Bank of Ireland and the UK Financial Conduct Authority (FCA) did not approve both transactions.
For the current transaction, the regulator’s permission has already been obtained, so the CFH Group is already beginning to change the management and owners.
And on the part of Playtech A business proposal has already been made. The company intends to continue to adhere to the brokerage business model STP.
