Edition:
United Kingdom

Playtech PLC (PTEC.L)

PTEC.L on London Stock Exchange

444.40GBp
19 Nov 2018
Change (% chg)

-0.30 (-0.07%)
Prev Close
444.70
Open
447.80
Day's High
450.90
Day's Low
444.00
Volume
883,239
Avg. Vol
1,729,444
52-wk High
892.00
52-wk Low
420.20

Latest Key Developments (Source: Significant Developments)

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

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

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UK forced to accelerate planned reform to gambling regulations

LONDON The British government bowed to increasing pressure from lawmakers on Wednesday by bringing forward a planned reform of gambling regulations by six months.