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Playtech PLC (PTEC.L)

PTEC.L on London Stock Exchange

362.70GBp
18 Sep 2020
Change (% chg)

-3.80 (-1.04%)
Prev Close
366.50
Open
374.50
Day's High
378.60
Day's Low
362.30
Volume
2,244,511
Avg. Vol
1,216,436
52-wk High
442.10
52-wk Low
111.00

Latest Key Developments (Source: Significant Developments)

Playtech Plc H1 Pre-Tax Profit From Contops Down 71%
Thursday, 17 Sep 2020 

Sept 17 (Reuters) - Playtech PLC ::HALF-YEAR REPORT.H1 PRETAX PROFIT FROM CONTINUING OPERATIONS FELL 71 PERCENT TO 10.5 MILLION EUR.ONLINE IS EXPECTED TO CONTINUE TO PERFORM STRONGLY.MANAGEMENT REMAIN CAUTIOUS ABOUT OUTLOOK FOR RETAIL.HY REVENUE EUR 564.0M VERSUS EUR 727.8M.PLAYTECH CONTINUES TO EVALUATE ALL OPTIONS FOR TRADETECH.PLAYTECH - TRADETECH'S FIRST HALF PERFORMANCE NOT EXPECTED TO BE REPEATED IN H2 WITH MARKET VOLATILITY CURRENTLY SIGNIFICANTLY LOWER THAN IN H1.  Full Article

Playtech Confirms That It Is In Talks With Parties Regarding Sale Of Division
Thursday, 27 Aug 2020 

Aug 27 (Reuters) - Playtech PLC ::PLAYTECH PLC - STATEMENT IN RESPONSE TO PRESS SPECULATION.PLAYTECH - PLAYTECH NOTES RECENT SPECULATION REGARDING POSSIBLE DISPOSAL OF ITS FINANCIALS DIVISION, TRADETECH..PLAYTECH - PLAYTECH CONFIRMS THAT IT IS IN DISCUSSIONS WITH A NUMBER OF PARTIES REGARDING A SALE OF DIVISION..  Full Article

Playtech PLC Says Had Strong Q1 With Adjusted EBITDA Of EUR 117 Mln
Wednesday, 20 May 2020 

May 20 (Reuters) - Playtech PLC ::TRADING AND COVID-19 UPDATE.IN APRIL 2020 ADJUSTED EBITDA WAS EUR 23 MILLION.SIGNIFICANT OPERATIONAL PROGRESS WITH EXISTING AND NEW TIER-1 LICENSEES AND OVER 20 NEW BRANDS ADDED.STRONG Q1 WITH ADJUSTED EBITDA OF EUR 117 MILLION.CLAIRE MILNE APPOINTED AS INTERIM CHAIRMAN TO PROVIDE CONTINUITY AND STABILITY.RESULTS FOR MARCH AS A WHOLE WERE IN LINE WITH COMPANY'S ORIGINAL PRE-COVID-19 EXPECTATIONS.ADJUSTED EBITDA OF EUR 23 MILLION FOR APRIL, WITH ADJUSTED EBITDA FOR FIRST FOUR MONTHS OF 2020 TOTALLING EUR 140 MILLION.RENEGOTIATED PAYMENT TERMS OF CONTINGENT CONSIDERATION PAYABLE RELATED TO PLAYTECH BGT SPORTS BUSINESS.  Full Article

Playtech Appoints Claire Milne As Interim Chairman
Monday, 27 Apr 2020 

April 27 (Reuters) - Playtech PLC ::PLAYTECH PLC - CLAIRE MILNE HAS BEEN APPOINTED AS INTERIM CHAIRMAN.PLAYTECH PLC - CLAIRE WILL SUCCEED ALAN JACKSON.PLAYTECH PLC - CONSIDERING CURRENT BUSINESS AND MARKET ENVIRONMENT, IT HAS BEEN DECIDED TO DELAY PROCESS OF APPOINTING A PERMANENT CHAIRMAN.  Full Article

Playtech Postpones Share Repurchase Programme With Immediate Effect
Thursday, 19 Mar 2020 

March 19 (Reuters) - Playtech PLC ::PLAYTECH PLC - DUE TO VIRUS, CASINO BUSINESS HAS SEEN LIMITED IMPACT AT THIS POINT ALTHOUGH COMPANY IS CONTINUALLY MONITORING SITUATION.PLAYTECH PLC - ESTIMATES B2B SPORT BUSINESS WILL GENERATE A LOSS OF EUR 4 MILLION OF ADJUSTED EBITDA PER MONTH BEFORE MITIGATION.PLAYTECH PLC - B2C GAMBLING FURTHER IMPACTED BY POSTPONEMENT OF MOST SPORTING EVENTS AND COMPETITIONS GLOBALLY.PLAYTECH PLC - PLAYTECH'S B2B SPORT BUSINESS IS BEING SIGNIFICANTLY IMPACTED BY POSTPONEMENT OF MOST MAJOR SPORTING EVENTS AND COMPETITIONS GLOBALLY.PLAYTECH PLC - APPROPRIATE TO MAXIMISE LIQUIDITY WITHIN COMPANY AND IS SUSPENDING SHAREHOLDER DISTRIBUTIONS UNTIL FURTHER NOTICE.PLAYTECH PLC - SHARE REPURCHASE PROGRAMME ANNOUNCED AT FY 2019 RESULTS HAS BEEN POSTPONED WITH IMMEDIATE EFFECT.PLAYTECH PLC - TOGETHER THESE MEASURES WILL SAVE COMPANY OVER EUR 65 MILLION OF CASH OUTFLOWS.PLAYTECH PLC - 2019 FINAL DIVIDEND OF EUR 0.12 WILL NOT BE PROPOSED AT AGM SCHEDULED TO BE HELD ON 20 MAY 2020.PLAYTECH - EXPECT RETAIL B2C SPORT UNIT TO GENERATE LOSS OF EUR 0.5 MILLION ADJUSTED EBITDA/MONTH AS SHOPS REMAIN CLOSED, LACK OF SPORTING EVENTS.  Full Article

Playtech Says Results For 2020 Are Likely To Be Below Existing Market Expectations
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Playtech PLC ::CORE B2B GAMBLING AND SNAITECH CONTINUE TO DRIVE PLAYTECH; EUR 40 MILLION BUYBACK LAUNCHED.CORE B2B GAMBLING(7) REVENUE GROWTH OF 15% VERSUS. 2018 DRIVEN BY SPORTS AND LIVE CASINO.SNAITECH HAD AN OUTSTANDING 2019 WITH 24% GROWTH IN UNDERLYING ADJUSTED EBITDA ON AN ANNUALISED BASIS (EBITDA AFTER EXCLUDING GAMBLING TAX HEADWINDS AND 2018 WORLD CUP IMPACT).CHAIRMAN SUCCESSION NEARING COMPLETION.ASIA REMAINED BROADLY STABLE THROUGH H2 2019.PLAYTECH STARTED YEAR STRONGLY AGAINST MATERIAL HEADWINDS . HOWEVER, IN LAST TWO WEEKS IT HAS STARTED TO SEE A MATERIAL IMPACT FROM CHANGES IN NORMAL CUSTOMER PATTERNS DUE TO COVID-19 WHICH IS SIGNIFICANTLY AFFECTING TWO OF ITS LARGEST MARKETS.ACCORDINGLY, RESULTS FOR 2020 ARE LIKELY TO BE BELOW EXISTING MARKET EXPECTATIONS.  Full Article

Playtech Plc Announces Agreement With Wplay
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Playtech PLC ::PLAYTECH PLC - MAJOR STRUCTURED AGREEMENT WITH WPLAY.PLAYTECH PLC - PLAYTECH WILL BECOME WPLAY'S STRATEGIC TECHNOLOGY PARTNER DELIVERING ITS OMNI-CHANNEL PRODUCTS.PLAYTECH PLC - SIGNED A LONG-TERM STRUCTURED AGREEMENT WITH AQUILA GLOBAL GROUP SAS.PLAYTECH - AGREEMENT WILL SEE PLAYTECH MIGRATE ALL WPLAY'S RETAIL AND ONLINE ACTIVITY TO ITS IMS PLAYER MANAGEMENT PLATFORM.PLAYTECH - TO GET A SHARE OF PROFITS IN ADDITION TO REVENUE SHARE AS PER ITS REGULAR BUSINESS MODEL DUE TO PARTNERSHIP.  Full Article

Playtech Warns On Profit, Reviews Options For Casual & Social Gaming Unit
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Playtech Plc ::TRADING UPDATE.TRADING WITHIN CORE B2B GAMBLING AND SNAITECH CONTINUES TO EXCEED MANAGEMENT EXPECTATIONS.TRADING IN ASIA HAS REMAINED STABLE.TRADING CONDITIONS IN TRADETECH HAVE BEEN HIGHLY CHALLENGING DURING SEPTEMBER AND OCTOBER.ADJUSTED EBITDA FOR FY 2019 IS NOW EXPECTED TO BE A LITTLE BELOW CURRENT CONSENSUS .ASIA TO CONTRIBUTE 115 MILLION EUROS IN REVENUE FOR 2019 AT CURRENT RUN RATE.EXPECTS TRADETECH'S RESULTS FOR 2019 TO BE WELL BELOW MANAGEMENT'S EXPECTATIONS .NOW EXPECTS TO LAUNCH 40 BRANDS IN 2019 AS IT ACCELERATES ITS PLANS OVER COMING MONTHS..REVIEWING OPTIONS FOR ITS CASUAL AND SOCIAL GAMING BUSINESS INCLUDING A POSSIBLE SALE OF ALL OR PART OF THIS UNIT .  Full Article

Springowl's Ader "working hard" on sale of minority stake in Playtech Asia-Sohn Conference
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Playtech PLC ::SPRINGOWL'S ADER SAYS "WORKING HARD" TO GET A SALE OF A MINORITY STAKE IN PLAYTECH'S ASIAN BUSINESS-SOHN CONFERENCE.  Full Article

Odey Asset Management Discloses 5.04% Stake In Playtech As Of Aug 27 Vs Prior Stake Of 4.95% - Filing
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Playtech PLC ::ODEY ASSET MANAGEMENT LLP DISCLOSES 5.04% STAKE IN PLAYTECH PLC AS OF AUG 27 VERSUS PRIOR STAKE OF 4.95% - FILING.  Full Article

BRIEF-Playtech Gets Nod To Enter New Jersey Market

* PLAYTECH - GRANTED REGULATORY APPROVAL BY NEW JERSEY DIVISION OF GAMING ENFORCEMENT TO PROVIDE ITS CASINO PRODUCT TO NEW JERSEY MARKET Source text for Eikon: Further company coverage: