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

PLAYTECH

(PTEC)
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401.1 GBX   +1.34%
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Playtech : Casino launches with bet365 in New Jersey

08/06/2020 | 07:59am EST

London, 6 August 2020 - Playtech, the world's leading gambling technology company, today announces it has launched its award-winning Casino content with long-term strategic partner, bet365, in New Jersey.

The launch sees bet365 go live with a selection of Playtech's best-performing games including Playtech classics like White King, Great Blue, and Frankie Dettori's™ Magic Seven.

The partnership marks the first step for Playtech into the US market, with plans to partner with more New Jersey operators in the coming months. This follows Playtech securing regulatory approval for the market just last month. Playtech has also started the licensing process in other US jurisdictions.

bet365 entered the New Jersey market in 2019 and has since been providing its sportsbook and online casino to customers in the state.

A bet365 spokesperson, said: 'We're excited to partner with Playtech in order to expand our content offering to the US market. Given the range and caliber of Playtech's content, being first to market it is a real differentiator for our platform. We look forward to developing upon our already solid partnership as we continue to grow our Casino offering.'

Shimon Akad, Playtech Chief Operating Officer, said: 'This is a significant moment for Playtech and our development in the US. Launching Playtech's software in the US is a landmark, and we are very pleased to be taking this step with one of our most trusted partners in bet365. With more titles and content launching in the coming weeks and months, there are exciting times ahead. This launch also serves as a prime example of our commitment to partnering with leading operators to bring leading software services and great content to new and growing markets.'

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

+44 (0)20 3805 4822

Disclaimer

Playtech plc published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 11:58:06 UTC


© Publicnow 2020
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Financials
Sales 2020 1 279 M 1 547 M 1 547 M
Net income 2020 19,2 M 23,2 M 23,2 M
Net Debt 2020 710 M 859 M 859 M
P/E ratio 2020 71,2x
Yield 2020 -
Capitalization 1 262 M 1 515 M 1 527 M
EV / Sales 2020 1,54x
EV / Sales 2021 1,23x
Nbr of Employees 6 400
Free-Float 96,3%
Chart PLAYTECH
Duration : Period :
Playtech Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PLAYTECH
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 4,02 €
Last Close Price 4,40 €
Spread / Highest target 11,6%
Spread / Average Target -8,56%
Spread / Lowest Target -26,7%
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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