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

PLAYTECH

(PTEC)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 12/03 11:30:00 am
394.45 GBX   -0.14%
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Playtech : and Pokerstars Casino launch Spin & Win Live Roulette in Spain

08/05/2020 | 06:22am EST

London, 5 August 2020 - Playtech, the world's leading gambling technology company, has teamed up with Pokerstars Casino to launch Spin & Win Live Roulette in the key growth market of Spain.

Designed to bring a gameshow-style atmosphere, Spin & Win combines striking presentation and exciting player experience with a range of ways to win.

Created to boost both player winnings and excitement, Spin & Win Roulette offers the potential for players to land a multiplier of up to 100x. Unlike other multiplier-based roulette variants, in Spin & Win Roulette, every straight-up position on the roulette layout is multiplied for a more exciting experience. Built around innovative augmented reality technology, Spin & Win Roulette is designed to be visually engaging as well as delivering on compelling gameplay.

Pokerstars Casino is the first operator to launch a dedicated, live roulette variant in Spain, as a continuation of the original release and building on significant growth in the market in recent years.

Kevin Kilminster, Head of Live Casino Innovation, Playtech Live Casino, comments: 'We've developed a very strong working relationship with the Pokerstars Casino team, and we're looking forward to continuing to deliver innovative ideas that take things to the next level in different markets. Spin & Win Roulette has already proved very popular with players, so we are delighted to bring it to a brand-new audience in Spain. Growth through innovation and portfolio expansion across regulated markets is a core strategic goal for Playtech Live and building on our success in Spain is of course a continued area of focus for us.'

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 05 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2020 10:21:05 UTC


© Publicnow 2020
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Financials
Sales 2020 1 279 M 1 554 M 1 554 M
Net income 2020 19,2 M 23,3 M 23,3 M
Net Debt 2020 710 M 863 M 863 M
P/E ratio 2020 70,9x
Yield 2020 -
Capitalization 1 260 M 1 534 M 1 531 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
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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 4,38 €
Spread / Highest target 12,0%
Spread / Average Target -8,19%
Spread / Lowest Target -26,4%
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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