Playtech buys CFH in huge deal

Monday, 14 November 2016 00:00

Manx-headquartered egaming firm Playtech has bought a technology and clearing brokerage in a deal worth up to £96 million.

This morning the company announced it would buy 70 per cent of Consolidated Financial Holdings for £34.3 million, with an option to buy the rest of the company by 2018.

The UK's Financial Conduct Authority has approved the deal, which has been price-capped at $120 million.

Playtech is based in St Geroge's Court in Douglas and specialises in gaming software including online bingo and poker.

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