Playtech confirms preliminary takeover approach from Gopher Investments

Playtech confirmed on Monday that it has received a preliminary takeover approach from shareholder Gopher Investments.

Responding to press speculation, the gambling software developer said it is in "early stage and ongoing" discussions with Gopher.

The statement came after Sky News reported on Sunday that Gopher Investments - an investment vehicle which began building a stake in Playtech earlier this year - was weighing plans for a £3bn takeover of the company.

Sky said Gopher was working with bankers at Rothschild on an offer that would trump a recommended £2.1bn bid announced last month from Australia’s Aristocrat Leisure.