Playtech to Elect New Chairman

May 17, 2019 Staff Writer Industry News, Playtech 77

It is that time of the year when we are to announce certain vital changes in popular providers’ headquarters.

Preceding the Annual General Meeting, Isle of Man-based developer Playtech had published a trading statement claiming that they were to commence the process of electing a new chairman.

Let us remind ourselves, the chair has been taken by Alan Jackson so far. During his office numerous key events took place, including new appointments in the backroom made last month.

In the official report that has just been released, the Playtech representative stated that the board, currently led by Alan Jackson, would its attention to “overseeing a full, thorough succession planning process to identify a new chairman, allowing for a period of stability and integration.”

Unresolved Issues

Alan Jackson was assigned to lead the firm’s board in 2006, following Playtech’s flotation on the Alternative Investment Market. The designated place of the chairman was handed to him in October of 2013. The company’s spokesperson declared that the headquarters “evolved significantly to meet the changing demands of our dynamic industry” in the past 12 months with Jackson’s leadership. However, despite the stunning success, it remains unclear whether Jackson has decided to step off or is being deliberately replaced.

To fight off thee speculations, the company turned to the findings, topics and themes of preceding announcements that concerned recent performance. They made sure to highlight how the shift in the focal point was made and has consequently affected their B2B gaming revenues.

“Management reiterates its previous guidance for 2019 Adjusted EBITDA in the range of €390m to €415m,” Playtech stressed.

To sum up, the renowned brand explained to the shareholders that the management was confident that measures that had been taken in both 2018 and 2019 “have delivered a strong platform for further strategic and operational progress in 2019 and beyond”.

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