EX-FORMULA One team boss Eddie Jordan is reportedly considering a second approach for gaming software firm Playtech.

JKO Play, a consortium led by Jordan and gambling executive Keith O'Loughlin, came close to making a 750p-per-share offer for Playtech, but pulled out of the bidding process in January.

However, it is understood that JKO Play is now mulling another offer for the London-listed firm, according to a report in The Sunday Times.

Both Playtech and JKO Play declined to comment on the report.

Shares in Playtech, which supplies software to some of the largest gambling companies such as Entain, plunged last Thursday after Hong Kong consortium TTB Bond Partners pulled out of takeover talks.

TTB expressed interest in making an offer for Playtech back in February, after shareholders rejected a £2.1bn offer from gaming giant Aristocrat Leisure, and said it would make an offer above Aristocrat's 680p-a-share offer.

In response to TTB's decision, Playtech said the board remained "very confident" in the group's future, adding that it expected adjusted ebitda to exceed €200m (£170m). "Playtech carries strong momentum going into the second half of 2022 and continues to perform very well across its core B2B and B2C businesses," Mor Weizer, chief executive of Playtech, said.

(c) 2022 City A.M., source Newspaper