FTSE 250 gambling tech firm Playtech saw its share price rise by nearly 60 per cent today after it emerged that Australia’s Aristocrat Leisure is set to buy the business at a valuation of £2.1billion. Aristocrat is a global supplier of premium gaming content and technology, and one of the world's top publishers of digital games. The Australian firm told investors on Monday the acquisition is consistent with its growth strategy. Aristocrat highlighted Playtech's ‘real money gaming’ experience. Playtech’s board will recommended unanimously in favour of the acquisition. Will ‘create one of the largest business-to-business platform providers in the global gaming industry’. Founded in 1999 by the Israeli entrepreneur Teddy Sagi, Playtech provides software for online casinos, online poker rooms, online sports betting, mobile gaming, and a host of other betting platforms. Its platform capabilities as key drivers of the deal. Aristocrat highlighted Playtech's ‘real money gaming’ experience. Its platform capabilities as key drivers of the deal.
Online Pokies Tip: Be ConstantIt said the deal would deliver medium-term revenue and earnings growth, in particular in the fast-growing North America market, and help both firms to meet a broader range of customer and player needs. He said: ‘This deal has the potential to enhance our distribution, our capacity to build new and deeper relationships with partners, and bolsters our technological capabilities. Playtech shares are up 56.6 per cent this morning to 672p, with year-to-date performance of 63.5 per cent. Chairman of Playtech Brian Mattingley said: ‘In recent years, Playtech has successfully repositioned its world leading gambling technology and operations, expanding in strategically important regulated markets and driving major online B2B revenue growth. In order for the deal to go through, it will have to be approved by at least 75 per cent of Playtech. CEO Mor Weizer added that the deal ‘marks an exciting opportunity in the next stage of growth for Playtech’, delivering ‘significant benefits to our stakeholders, including our customers, our shareholders and our incredibly talented people’.
A game with very low volatility is fairly predictable.If the RTP is 91.68% and every $100 or $1,000 we churned through a machine actually returned $91.68 or $916.80, playing the pokies would not be a very enjoyable pastime. In statistics, "standard deviation" is used to represent a game's volatility. However, another statistical element comes into play and that is the confidence interval. A game with very low volatility is fairly predictable. If we assume a 95% confidence interval, and 19 other people also played 1,000,000 spins each on the game, one of your results would be outside that range. It will also arrive at an acceptable tolerance above or below the designed RTP fairly quickly. In this case, after one million spins you should be within 1.09760% of the RTP. It could be that much higher, that much lower, or anywhere within that range. A highly volatile game will be much less predictable and will deliver prizes more rarely, but when it does the wins can be very large. Will often return small prizes.
Gaming in Australia was in a state of flux beginning with the passage of The Interactive Gambling Amendment Bill 2016. The Amendment and proposed changes to the Interactive Gambling Act 2001 (IGA) threw a lot of uncertainty into the industry. Many reputable online gaming sites left Australia and were replaced by private companies, some were rogue operators. Here are some important tips for keeping yourself safe and secure when betting online. Because of the legal changes in Australia, it’s more important to remain vigilant with your online betting than ever before. Reviews from reputable sites If you’re considering a casino you should check out reviews from trusted web portals. Because of this, it’s vitally important to know what sites are safe to play at for Aussies. We are always keeping an ear to the ground and can keep up with the changes, and recommend the following real money online casinos in Australia.
There are a lot of review sites out there who will say bad casinos are good in order to make a buck, with only a select few holding the casinos to task for questionable policies. Without regulators looking out for consumers, players need to rely on experience, reputation, and guidance to avoid the pitfalls of playing at poorly managed or ethically challenged venues. Market forces have slowly filled the void. Poker providers pulled out before the first of that month. Players now have quite a few good sites to choose from. The Interactive Gambling Amendment Bill 2016, went into effect on September 11, 2017. The last of the publically traded online casino. We recommend the following sites as being trusted portals (in addition to ourselves). The integrity of a site cannot be judged by the number or quality of games, how long it's been online, or the fact that promotional sites sing the operation's praises.