SpringOwl Investor Unhappy With Playtech Search

Jason Ader

Playtech the online gaming software company is fighting off a shareholder revolt over the appointment of a new Chairman since the departure of Alan Jackson last year.

According to a report in the Times Newspaper some of the major shareholders are unhappy because Playtech which started its search for a replacement early last year but then suspended the process in May citing the COVID-19 pandemic.

Since that time Claire Milne has been working as interim Chairperson for the company and Playtech has stated that they will begin the process for a successor in due time.

Apparently Jason Ader and his investment firm SpringOwl that holds a 5% stake in Playtech has vented his frustration on the lack of urgency with the search by saying, “We do not support Claire Milne as the future chairwoman of Playtech,” he was quoted as saying in the article.

He is said to have continued by stating “We believe there are better candidates to lead this company into US gaming markets and lead it in its various endeavours over the course of the next decade.”