Playtech And Broker Part Ways

After facing many obstacles with them, Playtech has finally parted way with their broker, Deutsche Bank. Deutsche Bank resigned its position as Playtech’s broker, and because of this, Playtech will be unable to join London’s main stock market.

As a result of this move, Playtech’s stock took a big hit, and knocked down to 13p at 239p. While Playtech tries to regain their bearings, they have released a statement that says “with immediate effect Collins Stewart Europe Limited is the Company’s sole broker and NOMAD.” It looks like Playtech is trying to send out the message that they are in control, and they aren’t lost without their former broker.

Roger Withers, Chairman at Deutsche Bank, said there was no fight, and the big issue was that Playtech and Deutsche Bank grew apart. This was likely due to the fact that when Mumtaz Naseem left in the summer, relations went south.

Despite this setback, Playtech is still in top form, and has regularly been releasing new games, making deals, creating partnerships, and making games that online casino operators and players love. Players can still enjoy Playtech’s great games, and they will soon be out with new games for players to enjoy for the next little while.