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Playtech PLC (PTEC.L)

PTEC.L on London Stock Exchange

421.40GBp
6:27pm IST
Change (% chg)

-12.50 (-2.88%)
Prev Close
433.90
Open
435.10
Day's High
435.10
Day's Low
421.40
Volume
697,860
Avg. Vol
1,175,991
52-wk High
510.90
52-wk Low
352.90

Latest Key Developments (Source: Significant Developments)

Playtech Forecasts FY Asia Rev To Be Eur 35 Mln Lower Than Previous Expectations
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Playtech PLC ::PLAYTECH PLC - HALF-YEAR REPORT.PLAYTECH PLC - GUIDANCE RANGE REAFFIRMED; EUR 25M BUYBACK LAUNCHED.PLAYTECH PLC - HY REVENUE EUR 736.1M VERSUS. EUR 436.5M.PLAYTECH PLC - REITERATES ITS 2019 ADJUSTED EBITDA RANGE OF EUR 390 MILLION TO EUR 415 MILLION.PLAYTECH PLC - HY ADJUSTED EBITDA EUR 190.6M VERSUS. EUR 145.0M.PLAYTECH PLC - HY ADJUSTED NET PROFIT EUR 70.7M VERSUS. EUR 83.3M.PLAYTECH PLC - AT CURRENT RUN RATE, ASIA WILL CONTRIBUTE APPROXIMATELY EUR 115 MILLION REVENUE IN 2019 VERSUS EUR 150 MILLION EXPECTED AT START OF YEAR.PLAYTECH PLC - HY REPORTED NET PROFIT EUR 16.8M VERSUS. EUR 112.4M.PLAYTECH PLC SAYS REGULATED B2B GAMBLING REVENUE FOR FIRST 51 DAYS OF H2 2019 WAS UP 4% ON SAME PERIOD IN 2018 AT CONSTANT CURRENCY AND EXCLUDING ITEMS.PLAYTECH - ASIA BUSINESS CONTINUES TO BE MATERIALLY LOWER THAN PREVIOUSLY FOLLOWING INCREASING COMPETITION IN CHINA IN 2018 FROM NEW MARKET ENTRANTS.PLAYTECH PLC - MALAYSIA BUSINESS ALSO REMAINS SIGNIFICANTLY LOWER THAN ITS PREVIOUS HIGHS.PLAYTECH - INCREASED COMPETITION IN CHINA IS LIKELY TO REMAIN AND HAS RESULTED IN A HIGHLY COMPETITIVE PRICING ENVIRONMENT.  Full Article

Playtech Signs New Long-Term Agreement With GVC Until 2025
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Playtech PLC ::PLAYTECH PLC - NEW LONG-TERM AGREEMENT WITH GVC UNTIL 2025.PLAYTECH PLC - PLAYTECH'S EXPECTATIONS FOR 2019 ADJUSTED EBITDA, ANNOUNCED ON 21 FEBRUARY 2019, REMAIN UNCHANGED..PLAYTECH PLC - PLAYTECH WILL PROVIDE ITS LEADING SERVICES AND PRODUCTS TO ALL GVC BRANDS, IN EXISTING AND NEW MARKETS..PLAYTECH PLC - CO AND GVC HAVE ALSO AGREED TO WORK TOGETHER TO INTEGRATE PLAYTECH'S PRODUCTS AND SERVICES ONTO GVC PLATFORM.  Full Article

Playtech Reiterates FY Guidance, On Track To Achieve FY Adj. EBITDA
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Playtech PLC ::PERFORMANCE IN LINE WITH EXPECTATIONS & FULL-YEAR GUIDANCE REITERATED.REMAINS ON TRACK TO ACHIEVE ADJUSTED EBITDA FOR 2018 IN RANGE OF EUR 320 MILLION TO EUR 360 MILLION.TRADING IN B2B GAMING DIVISION CONTINUED IN LINE WITH TRENDS REPORTED AT INTERIM RESULTS IN AUGUST WITH GOOD REVENUE GROWTH OUTSIDE OF ASIA.REMAINDER OF B2C DIVISION ALSO CONTINUES TO PERFORM IN LINE WITH GROUP'S EXPECTATIONS.  Full Article

Boussard & Gavaudan Partners Cuts Stake To 4.816 Pct From 9.078 Pct In Playtech
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Playtech PLC ::BOUSSARD & GAVAUDAN PARTNERS LIMITED CUTS STAKE TO 4.816 PERCENT FROM 9.078 PERCENT IN PLAYTECH PLC - FILING.  Full Article

Playtech Sells Entire 9.99 Pct Stake In UK's Plus500
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Playtech PLC ::PLAYTECH PLC - SALE OF HOLDING IN PLUS500 LTD.PLAYTECH PLC - HAS SOLD ITS ENTIRE HOLDING OF APPROXIMATELY 11.4 MILLION ORDINARY SHARES IN PLUS500 LTD.PLAYTECH PLC - SALE IN PLUS500 AT A PRICEOF 1,550 PENCE PER ORDINARY SHARE, REALISING GROSS PROCEEDS OF APPROXIMATELY £176 MILLION.PLAYTECH PLC - PROCEEDS FROM SALE WILL BE USED FOR GENERAL CORPORATE PURPOSES AND DEBT REDUCTION.PLAYTECH PLC - STAKE ALE REPRESENTS APPROXIMATELY 9.99% OF PLUS500'S ISSUED SHARE CAPITAL.PLAYTECH PLC - FOLLOWING COMPLETION OF SALE, PLAYTECH WILL NO LONGER HOLD ANY INTEREST IN PLUS500'S ORDINARY SHARES.  Full Article

Playtech HY Adj. Net Profit Falls 33.6 Pct
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Playtech PLC ::HY REVENUE EUR 436.5 MLN VERSUS EUR 421.6 MLN.HY ADJUSTED NET PROFIT EUR 83.3 MLN VERSUS EUR 125.5 MLN.INTERIM DIVIDEND PER SHARE SUSTAINED AT 2017 LEVEL.HY REPORTED NET PROFIT EUR 112.4M VERSUS EUR 89.6M.HY REGULATED GAMING REVENUES OF 53% (H1 2017: 38%).69% OF GROUP REVENUES WERE REGULATED IN H1 (H1 2017: 50%).REGULATED REVENUE AT CURRENT RUN RATE IS EXPECTED TO BE C. 80% IN 2018.PROGRESS IS MARKED AGAINST DISAPPOINTING MARKET CONDITIONS IN ASIA.SNAITECH BUSINESS HAS CONTINUED TO TRADE IN LINE WITH OUR EXPECTATIONS.H1 ADJUSTED EBITDA EUR 145.0 MILLION VERSUS EUR 170.9 MILLION IN H1 2017.B2C GAMING EXCLUDING SNAITECH IS PERFORMING IN LINE WITH EXPECTATIONS WITH SUN BINGO CONTRACT CONTINUING TO SEE REVENUE MOMENTUM.STRATEGIC POSITION OF CO IN KEY, HIGH GROWTH REGULATED MARKETS WILL LEAD TO FURTHER OPERATIONAL PROGRESS IN H2 OF 2018 AND INTO 2019.ACTIVITY IN MALAYSIA STILL REMAINS SIGNIFICANTLY LOWER THAN ITS PREVIOUS FULL YEAR 2016 RUN RATE.  Full Article

Playtech Says Snaitech Now Wholly-Owned Unit Within Playtech
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Playtech PLC ::FURTHER RE SQUEEZE OUT OF SNAITECH S.P.A..SQUEEZE OUT HAS COMPLETED RESULTING IN SNAITECH BECOMING A WHOLLY-OWNED SUBSIDIARY WITHIN PLAYTECH GROUP.  Full Article

Playtech Expects Group Adjusted EBITDA For 2018 In Range Of 320 Mln Euros To 360 Mln Euros
Monday, 2 Jul 2018 

July 2 (Reuters) - Playtech PLC ::AVERAGE DAILY REVENUE YEAR TO DATE EXCLUDING ASIA ARE UP 7% VERSUS SAME PERIOD LAST YEAR AND UP 12% IN Q2 2018 VERSUS Q2 2017.H1 2018 GROUP PERFORMANCE IS BROADLY IN LINE WITH ITS EXPECTATIONS AT START OF YEAR.CURRENT RUN RATE IN ASIA IS MATERIALLY BELOW BOTH AVERAGE IN H2 2017 AND AVERAGE WHICH WAS EXPECTED FOR H2 2018 AT START OF YEAR.PLAYTECH NOW EXPECTS GROUP ADJUSTED EBITDA FOR 2018 IN RANGE OF EUR 320 MILLION TO EUR 360 MILLION."CLEARLY RECENT TRADING PERFORMANCE IN ASIA IS DISAPPOINTING"- CEO.  Full Article

Snaitech Shareholders To Close Sale of 70.6 Pct Stake To Playtech On June 5
Wednesday, 30 May 2018 

May 30 (Reuters) - Snaitech SpA ::GLOBAL GAMES AND OI-GAMES SAY CLOSING OF SALE TO PLAYTECH <<>> OF 70.6 PERCENT STAKE IN SNAITECH IS EXPECTED ON JUNE 5.  Full Article

GVC Says For Jan 1 To May 20, UK Retail LFL Net Gaming Revenue down 5 pct
Friday, 25 May 2018 

May 25 (Reuters) - Gvc Holdings Plc ::TRADING UPDATE AND HISTORIC PRO FORMA FINANCIALS.ANNOUNCES A CHANGE IN REPORTING CURRENCY TO STERLING, EFFECTIVE IMMEDIATELY, HAVING PREVIOUSLY REPORTED IN EUROS.DOUBLE-DIGIT ONLINE NGR GROWTH CONTINUES, +18% IN CONSTANT CURRENCY FOR PERIOD 1 JANUARY TO 20 MAY 2018.FOR JAN 1 TO MAY 20, UK RETAIL LIKE-FOR-LIKE NET GAMING REVENUE -5% IMPACTED BY ADVERSE WEATHER.FOR JAN 1 TO MAY 20, EUROPEAN RETAIL NGR +32% (+28% CC) BOOSTED BY A STRONG PERFORMANCE FROM EUROBET.FOR JAN 1 TO MAY 20, TOTAL GROUP NGR +7%.COST SYNERGIES FROM LADBROKES DEAL UPGRADED TO AT LEAST £130M (FROM £100M) BY 2021.FOR JAN 1 TO MAY 20, GAMES BRANDS NGR +16% (+18% CC).EXPECT TO RETAIN A PROFITABLE AND HIGHLY CASH GENERATIVE UK RETAIL ESTATE.GVC AND PLAYTECH PLC ARE IN DISCUSSIONS TO UPDATE EXISTING SERVICES AGREEMENT BETWEEN TWO COMPANIES.  Full Article

Gambling software maker Playtech cuts Asia outlook

Gambling software maker Playtech Plc on Thursday cut its full-year revenue forecast for Asia, blaming rising competition in China and a regulatory crackdown in Malaysia.