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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Playtech    PTEC   IM00B7S9G985

PLAYTECH

(PTEC)
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Playtech : Buzz Bingo and Playtech partner to launch slot Tournaments

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08/21/2020 | 05:39am EDT

London, 21 August 2020 - Playtech, the world's leading gambling technology company, has partnered with Buzz Bingo to launch slot Tournaments via its Leaderboard solution - giving players the chance to compete for prizes.

After a two-week exclusive launch period for Diamond Players, Tournaments are now available to all Buzz Bingo players. When a player joins a live Tournament, they are added to a leaderboard, with every win on the applicable slot game earning them points to climb the rankings.

The point system is based on a win compared to stake ratio, with no wagering requirements, meaning players have an equal chance to progress regardless of their stake per spin, and do not get extra points for betting larger stakes which encourages players to continue playing at their preferred amount. Every spin during a Tournament, up to a certain amount, is eligible to earn points.

Playtech's Leaderboard configuration options even allow licensees to set a maximum qualifying bet amount, meaning they can promote safer gambling behaviour as well as increasing player engagement.

James Frendo, Casino Director at Playtech, comments: 'Tournaments offer a whole new way to engage players, as well as adding an extra level of enjoyment for players at no extra cost to themselves. The element of competition and the chance to win prizes adds a sense of anticipation for players, making every win more exciting. Also, because points are awarded based on the size of the win in proportion to the bet, players who prefer to stick to lower stakes are not disadvantaged, encouraging them to stay within their limits.

'Ever since Playtech began working with Buzz Bingo following the brand's launch in 2018, they have been one of our most proactive partners in terms of adopting new tools and functionality, with some excellent results. We're really impressed with the drive and commitment the Buzz team has shown to make Tournaments happen - particularly the addition of the in-game widget, which the dedicated portal team has invested much time in delivering, allowing players to register for and follow the leaderboard without leaving the game environment.'

David Swaine, Head of Digital Operations at Buzz Bingo adds: 'Following a highly successful exclusive period for selected players, we're delighted to be bringing Tournaments to a wider audience and offering a key point of differentiation. A range of Tournaments will be available every Wednesday from midday to midnight and, with a dedicated homepage portlet and the in-game widget, it's easy for players to find the right one for them. With a chance to win a share of the prize pot, we're confident players will find Tournaments a doubly engaging and responsible way to play.'

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.

Playtech is the gambling industry's leading technology company, delivering business intelligence-driven gambling software, services, content and platform technology across the industry's most popular product verticals, including casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data-driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. As of June 2018, through the acquisition of Snaitech, Playtech directly owns and operates the leading sports betting and gaming brand in online and retail in Italy, Snai. Snaitech operates a B2B2C model as a service provider, allowing franchisees to utilise the Playtech technology stack in the retail environment while operating the leading brand, Snai, directly online as a B2C business.

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.5,900 employees across 19 countries and is headquartered in the Isle of Man.

www.playtech.com

For further information please contact:

Playtech plc

James Newman, Director of Corporate affairs

Headland Consultancy

Tom James c/o Headland Consultancy

Disclaimer

Playtech plc published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 09:39:11 UTC


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Financials
Sales 2020 1 279 M 1 509 M 1 509 M
Net income 2020 19,2 M 22,6 M 22,6 M
Net Debt 2020 710 M 838 M 838 M
P/E ratio 2020 64,7x
Yield 2020 -
Capitalization 1 150 M 1 360 M 1 357 M
EV / Sales 2020 1,45x
EV / Sales 2021 1,16x
Nbr of Employees 6 400
Free-Float 96,3%
Chart PLAYTECH
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Technical analysis trends PLAYTECH
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 4,02 €
Last Close Price 4,00 €
Spread / Highest target 22,7%
Spread / Average Target 0,46%
Spread / Lowest Target -19,4%
EPS Revisions
Managers
NameTitle
Moran Weizer Chief Executive Officer & Executive Director
Shimon Akad Chief Operating Officer
Andrew James Smith Chief Financial Officer & Executive Director
John E. Jackson Senior Independent Non-Executive Director
Claire Milne Independent Non-Executive Director
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