Activist investor Jason Ader is out to reshape yet another major online gambling firm, having put technology supplier Playtech in his sights.

On Friday, The Times reported that Ader’s New York-based Springowl Asset Management hedge fund had quietly accumulated a $100m stake in the UK-listed Playtech, giving Ader a roughly 5% stake in the company. The report said Ader (pictured) is expected to push Playtech to sell off assets or pursue an outright sale of the company.

The Times also suggested that Ader was keen to put Playtech chairman Alan Jackson in the hot seat. Jackson quietly received a £66k annual salary bump this month, despite the company’s share price having fallen by nearly half this year and shareholders voting against the company’s remuneration plan several months earlier.

Ader was quoted saying Playtech needed to “improve its reputation, governance and stock price” but he expressed interest in “continuing a dialogue” with the company. A Playtech spokesperson told The Times that the company “continually engage[s] with our shareholders and value[s] their feedback.”