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    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 09/22 06:50:07 am
444.6 GBX   +2.54%
09/17Playtech plc Announces Board & Committee Changes
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08/18PLAYTECH : investors reject Finalto sale to consortium led by Barinboim
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08/18Playtech Announces Updates on General Meeting and Finalto
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Playtech : signs key IGT cross-licensing deal

12/21/2020 | 05:03am EDT

London, 21 December 2020 - Playtech, the world's leading gambling technology company, today announces a new licensing agreement with global gaming leader IGT.

Under the terms of the agreement, Playtech is able to offer games in the United States that include any of the features patented within IGT's extensive US patent portfolio. IGT is the holder of the largest portfolio of slot game feature patents in the US.

The agreement represents a significant step in Playtech's expansion into North America after being granted a licence in New Jersey. Having already gone live with bet365 and across BetMGM's gaming network earlier this year, the deal with IGT showcases Playtech's vision to partner with leading companies and leverage its scale to increase the Company's distribution capabilities in North America.

Shimon Akad, Chief Operating Officer at Playtech, said: 'The agreement with IGT represents another significant milestone in the growth of our presence in North America as we build on the momentum of the past few months. We look forward to offering the US market more of our market-leading software and technology in what is a rapidly growing US market'.

Nick Khin, Chief Operating Officer at IGT, added: 'We are delighted to have reached an agreement to provide Playtech with access to the largest game feature patent portfolio in the US. Working in partnership with Playtech will help propel our collective innovation and growth, and further validates our significant IP portfolio'.

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 basis and B2C.

Playtech has in total c.6,400 employees across 24 countries.

www.playtech.com

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Playtech plc
James Newman, Director of Corporate Affairs
Headland Consultancy
Tom James, Jack Gault

44 (0)20 3805 4822

Disclaimer

Playtech plc published this content on 21 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2020 10:02:01 UTC


ę Publicnow 2020
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Financials
Sales 2021 1 195 M 1 402 M 1 402 M
Net income 2021 9,37 M 11,0 M 11,0 M
Net Debt 2021 558 M 654 M 654 M
P/E ratio 2021 104x
Yield 2021 0,73%
Capitalization 1 503 M 1 761 M 1 763 M
EV / Sales 2021 1,72x
EV / Sales 2022 1,44x
Nbr of Employees 6 400
Free-Float 91,4%
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Number of Analysts 7
Last Close Price 5,05 €
Average target price 6,01 €
Spread / Average Target 19,0%
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Managers and Directors
Moran Weizer Chief Executive Officer & Executive Director
Andrew James Smith Chief Financial Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Shimon Akad Chief Operating Officer
Ian Ince Global Head-Regulatory Affairs & Compliance
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