Gopher Investments initiates Playtech takeover discussions

In the United Kingdom and Gopher Investments has reportedly begun negotiations that could potentially see it pay up to £3 billion ($4.06 billion) in order to purchase online casino games developer Playtech.

According to a report from the Reuters news service, the move from the Hong Kong-headquartered investments vehicle comes only three weeks after Australian gaming machines behemoth Aristocrat Leisure Limited lodged its own offer for the London-listed iGaming innovator thought to be worth in the region of £2.7 billion ($3.7 billion).

Initial involvement: