Shareholders of British gambling software maker Playtech look set to vote against the group's proposed Ј2.1billion takeover by Australia-based Aristocrat Leisure.
In a stock market statement ahead of Wednesday's final vote, Playtech said that, based on the proxy votes received to date, the minimum threshold of 75 per cent needed to approve the deal would not be achieved. 
If this is the case after today's votes are counted, the acquisition of Playtech by Aristocrat will not proceed.




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No deal: Last month, former Formula One boss Eddie Jordan pulled a potential bid for Playtech

'This progress reflects the quality of our technology and products and the hard work and commitment of our talented team. 
'We remain confident in our long-term growth prospects and, in particular, our ability to benefit from the structured agreements (including Caliente) that are already allowing Playtech to access newly opened gaming markets.'
Brian Mattingley, chairman of Playtech, added: 'This process has shone a spotlight on the fundamental premium value of Playtech's businesses. 
'Playtech is the leading technology company in the gambling industry, with an unrivalled quality and breadth of products. If you beloved this posting and you would like to get extra facts concerning [url=https://movecasino.com/sports-betting/]พนันกีฬา kindly take a look at our webpage.  
'Snai is the number one sports brand across retail and online betting in the Italian market.

In the event that the Aristocrat Offer does not proceed, the Board is determined to pursue options to maximise value for all shareholders and accelerate validation of that value.'  
Aristocrat chief executive and managing director Trevor Croker, said: 'We are disappointed that our recommended offer to acquire Playtech plc is expected to lapse.
Notwithstanding extensive due diligence on Aristocrat's part, developments since the announcement of our offer have been highly unusual and largely beyond Aristocrat's control.
'In particular, the emergence of a certain group of shareholders who built a blocking stake while refusing to engage with either ourselves or Playtech materially impacted the prospects for the success of our offer, which had been recommended by the Board of Playtech plc.
'The long term interests of our shareholders are the absolute focus of M&A at Aristocrat.

We will always take a highly disciplined, strategic approach to our investment choices, consistent with our customer-centric philosophy.'
The firm also said it expects to complete the sale of its Finalto software business in the second quarter, following receipt of final regulatory clearances. 
Last month, former Formula One boss Eddie Jordan pulled a potential bid for Playtech amid concerns that a group of Asian investors who recently bought into the company would act to block the deal.
Mr Jordan's acquisition vehicle, JKO PLay, had been set to propose an offer of 750p per Playtech share.