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Playtech PLC (PTEC.L)

PTEC.L on London Stock Exchange

534.80GBp
20 Jul 2018
Change (% chg)

13.80 (+2.65%)
Prev Close
521.00
Open
521.80
Day's High
535.60
Day's Low
517.40
Volume
1,913,825
Avg. Vol
1,966,417
52-wk High
1,003.00
52-wk Low
487.60

Latest Key Developments (Source: Significant Developments)

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

Playtech Receives Italian Gaming Regulatory Authority Consent To Buy Stake In Snaitech
Monday, 21 May 2018 

May 21 (Reuters) - :PLAYTECH <<>> RECEIVES FROM ITALIAN GAMING REGULATORY AUTHORITY AGENZIA DELLE DOGANE E DEI MONOPOLI CONSENT TO BUY STAKE IN SNAITECH <<>>.THE OVERALL TRANSACTION IS EXPECTED TO COMPLETE LATER THIS YEAR.  Full Article

Playtech Gets Italian Gaming Regulator Consent For Snaitech Deal
Monday, 21 May 2018 

May 21 (Reuters) - Playtech Plc ::FURTHER RE ACQUISITION OF SNAITECH S.P.A.FURTHER RE ACQUISITION OF SNAITECH S.P.A.OVERALL TRANSACTION IS EXPECTED TO COMPLETE LATER THIS YEAR.PLAYTECH NOW EXPECTS COMPLETION OF INITIAL ACQUISITION TO OCCUR IN JUNE 2018.RECEIVED FORMAL CONSENT TO TRANSACTION FROM AGENZIA DELLE DOGANE E DEI MONOPOLI, ITALIAN GAMING REGULATORY AUTHORITY.TO SUBSEQUENTLY MAKE A MANDATORY TAKEOVER OFFER FOR REMAINING SHARES IN SNAITECH NOT HELD BY GROUP.  Full Article

Playtech Says Continue To Explore Further M&A Opportunities
Wednesday, 16 May 2018 

May 16 (Reuters) - Playtech PLC ::CONTINUE TO EXPLORE FURTHER M&A OPPORTUNITIES WITH COMPLEMENTARY BUSINESSES IN B2B GAMING DIVISION.B2C GAMING DIVISION IS PERFORMING IN LINE WITH EXPECTATIONS WITH SUN BINGO CONTRACT CONTINUING TO SEE SOME REVENUE IMPROVEMENT.CONFIDENT ACHIEVEMENTS IN 2017 AND IN 2018 TO DATE HAVE DELIVERED A STRONG PLATFORM FOR FURTHER STRATEGIC AND OPERATIONAL PROGRESS IN 2018.  Full Article

Playtech To Make Takeover Bid On Snaitech At EUR 2.19 /shr In Cash
Thursday, 12 Apr 2018 

April 12 (Reuters) - Snaitech SpA ::PLAYTECH WILL MAKE MANDATORY TAKEOVER OFFER AT PRICE OF INITIAL ACQUISITION, EUR 2.19 PER SHARE IN CASH.  Full Article

Playtech To Buy 70.6 Pct Of Snaitech From Global Games And Oi-Games
Thursday, 12 Apr 2018 

April 12 (Reuters) - Snaitech SpA ::PLAYTECH TO BUY 70.6 PERCENT OF SNAITECH FROM GLOBAL GAMES AND OI-GAMES.PURCHASE PRICE IS EQUAL TO A TOTAL AMOUNT OF EUR 291 MILLION.PURCHASE PRICE WILL BE PAID BY PLAYTECH THROUGH ITS OWN CASH RESOURCES AND NEW DEBT FACILITIES.AFTER CLOSING, PLAYTECH TO BE REQUIRED TO MAKE MANDATORY TAKEOVER OFFER FOR ALL REMAINING SHARES.FOLLOWING THE MANDATORY TAKEOVER OFFER, PLAYTECH INTENDS TO DELIST SNAITECH.MANDATORY TAKEOVER OFFER SHOULD BE COMPLETED BY THE LAST QUARTER OF 2018.  Full Article

Playtech Says Proposed Internal Corporate Re-Organisation Of Playtech BGT Sports Division​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Playtech Plc ::‍ANNOUNCES PROPOSED INTERNAL CORPORATE RE-ORGANISATION OF PLAYTECH BGT SPORTS DIVISION​.‍DR. SAGEDER'S INTEREST IN BGT WILL BE EXCHANGED FOR EQUIVALENT INTEREST IN PBS WITH ASSOCIATED PUT, CALL OPTION ARRANGEMENTS BEING REVISED ​.ARRANGEMENTS BEING REVISED TO RELATE TO DR.SAGEDER'S PROPOSED 10% INTEREST IN PBS​.‍MAXIMUM AMOUNT PAYABLE PURSUANT TO REVISED ARRANGEMENTS WILL BE INCREASED TO EUR 95 MILLION, AN INCREMENTAL INCREASE OF EUR 35 MILLION VERSUS PREVIOUSLY AGREED CAP​.‍PROPOSED RE-ORGANISATION ARE NOT EXPECTED TO BECOME EFFECTIVE UNTIL NEXT YEAR​.  Full Article

Playtech expects FY performance to be 5 pct below bottom end of market expectations​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Playtech Plc ::Expects group's performance for full year will be around 5 pct below bottom end of market expectations​."Seen a recent slowdown in certain parts of Asia due to recent changing market conditions​".‍"Now not expecting any significant improvement in 2017​".  Full Article

Britain's Playtech warns on revenue; shares plunge

July 2 Playtech Plc's shares slumped nearly 27 percent on Monday after the British gambling technology company warned that its full-year revenue would be hurt by a highly competitive market in Asia.