Company
Playtech PLC
LON:PTEC
The Group designs develops and licenses software for the gambling industry. The Group's principal software products are online casino online multi-player poker online bingo live videostream gaming fixed odds on games and land based kiosk networks.
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Playtech invests in Hard Rock Cafe's gambling arm
Playtech has signed a strategic partnership with Hard Rock Digital to share its online gambling tools with the entertainment giant
Playtech undervalued and takeover “opportunity remains”, says broker
Playtech is underrated in a software sector filled with overvalued stocks,
Playtech remains in confident mood after strong first half results
The UK gaming software company reported adjusted EBITDA of €203.8mln, up 64% driven by excellent performances by its B2B and Snaitech businesses
Playtech shares plummet as Hong Kong’s TTB drops bid plans
Playtech said it had an “excellent” first half, with adjusted EBITDA expected to come in at more than €200mln
Playtech says TTB Partners now has until July 15 to make firm offer
The deadline has been pushed back to July 15, the software group said
Playtech says talks with Hong Kong suitor continue for 15th week
One other rival bid was rejected earlier this year and two other suitors have walked away
Playtech bigs up its excellent start to 2022 as bid talks with investor group progress
The company's performance to date and current trends in the business position it "very well", according to a trading update
Playtech warns of Ukraine risk as full-year profits jump
The gambling software company said it is managing the impact from the Ukraine invasion, but cautioned that there is a risk of disruption as the war continues
Playtech indicates born-again Gopher is considering new bid
While there is no certainty this will result in an offer, "any offer, if made, is likely to be in cash"
Playtech considers other deals as Aristocrat bid fails to win shareholder support
In the event that the Aristocrat offer lapses, the board “is determined to pursue options to maximise value for all shareholders and accelerate validation of that value"
Eddie Jordan's JKO Play abandons Playtech pursuit
The FTSE 250 gaming company has recommended an offer from Australia's Aristocrat Leisure but said it does not have "a clear understanding" of how much support it has from major shareholders
Eddie Jordan teams up with former Partygaming boss to work on Playtech bid - report
Playtech last week postponed a shareholder meeting required to approve the deal, moving the deadline to February 2
Takeovers of British companies hit record in 2021
Morrisons and Meggitt were subject to multi-billion-pound takeovers
Playtech braced for £3bn bid from Eddie Jordan
Interest in the company is high with several firms interested in a takeover
Playtech takeover battle heats up as third potential bidder enters fray
The gaming software company has received an approach from a consortium backed by former Formula 1 team owner Eddie Jordan
Playtech shares rise as rival takeover interest is confirmed
Early-stage talks are continued over a potential rival takeover approach.
Playtech receives premium priced takeover offer from Aristocrat Leisure
"This transaction marks an exciting opportunity in the next stage of growth for Playtech," said chief executive Mor Weizer
Playtech starts second half of financial year on front foot
The online and B2B segments have been performing well
Playtech reiterates online business currently very strong
B2B arm, in particular, is going well said the gaming business
Playtech sells financial arm for US$210mln, online growth remains 'very strong'
"This strength in B2B has led to Playtech as at the end of April, being ahead of its adjusted EBITDA expectations"
Playtech teams up with Holland Casino for online launch in Netherlands
The London-listed group will be the technology partner to facilitate the launch, which is slated for October
Playtech signs strategic US agreement with casino operator Greenwood Racing
The gambling software developer will licence its products in various states
Playtech shares boosted as 2020 results seen ahead of expectations
The company expects to report earnings (adjusted EBITDA) of €300mln
Playtech enjoys strong first half but says unlikely to be repeated in second
There was no comment about the restart of shareholder returns but instead management intends to make “selected high-return investments” such as in the US market
Playtech adds new business despite mixed trading during pandemic
Retail closures and the cancellation of sporting events hit performance, lifted by higher demand for online services
Playtech pulls dividend as gaming wobbles, financial trading surges
The live casino business, which requires a significant number of employees working in the same location, could be hit by social distancing measures
Playtech warns of “material impact” from COVID-19 on Asian, Italian business
Business started strongly in 2020 but in the last two weeks there has been a “material impact from changes in normal customer patterns due to COVID-19”
Playtech issues "little" profit warning
The white label gaming technology group said its TradeTech financial trading arm was likely to be “well below” expectations
Playtech halves interim dividend but pledges buyback as profits shrink
Management reiterated guidance for adjusted full-year underlying earnings (EBITDA) of €390mln-€415mln.
Builders and building materials
Antofagasta big hitter for busy Thursday
The Chilean miner will be looking to maintain its 2019 copper production forecasts after delivering a 22% rise in output for its first half
JP Morgan Cazenove thinks now is the time to have a little flutter on Playtech
Analysts at the bank reckon the gaming software group is now “less risky” than it was only a few months ago
GVC, JPJ and William Hill offer 'deep value', recommends Deutsche Bank
“We see the scope to create value from another wave of consolidation, with rising regulatory and marketing costs encouraging a drive for scale, given material cost synergies"
Playtech spins higher on new long-term partnership with Ladbrokes Coral owner GVC
The tie-up will run until 2025 and will see Playtech supply Ladbrokes, Coral and all of GVC’s other online gaming brands with various products and services
Gaming software group Playtech expects surge in 2019 earnings
Playtech expects bottom-line growth to accelerate in 2019 and is guiding for adjusted EBITDA of between €390-415mln
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
Archive
Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Archive
Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Archive
Ebiquity shares gain as it completes sale of ad intelligence arm to Nielsen
Some of the main news-driven risers and fallers on Wednesday
Playtech to pay additional tax of around €28mln after reaching deal with Israeli tax authorities
The FTSE 250-listed firm said the agreement follows a civil tax audit covering the ten fiscal years to 2017 in which the Israeli tax authorities made transfer pricing adjustments
Keyword Studios easier as Berenberg trims target price following last week's acquisition, trading update
A look at some of the main risers and faller in London markets on Christmas Eve
Playtech expects new Italian gambling tax to reduce 2019 adjusted earnings by around €20mln-€25mln
The FTSE 250-listed firm noted that on Sunday 23 December 2018 the Italian Senate passed the government's 2019 budget which includes legislation to increase taxation on various types of gambling activities
FTSE 100 gets a stuffing on Christmas Eve amid worries about market indigestion
At the 12.30pm close, the UK blue chip index was down 35 points at 6,685, just bouncing off the late session low of 6,661.04, with Friday’s 9 point Santa rally proving a false dawn
Playtech founder Teddy Sagi cashes out of the firm he founded
Teddy Sagi set up Playtech 19 years ago and floated it on the London market in 2006
Playtech issues ‘in-line’ update as Asia revenues stabilise
The FTSE 250 gambling software firm said it remained on track to achieve adjusted underlying earnings (EBITDA) for 2018 of between €320mln and €360mln
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Playtech sells entire 10% shareholding in online trading platform Plus500 for about £176mln
Playtech said it had sold 11.4mln Plus500 ordinary shares, also at a price of 1,550p each, representing about 9.99% of Plus500's issued share capital
Hardware & electrical equipment
Playtech surges as market looks beyond its struggles in Asia
"The management statement focusses on Earnings Before Bad Stuff and, to be fair, it does appear that the current set of problems are isolated to the Asia-facing part of the business," Peel Hunt said
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
Archive
CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
Archive
World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
Playtech shares crash as it expects revenues from Asia to be €70mln lower
The FTSE 250-listed firm said average daily revenue in Asia continues to be impacted by an increasingly competitive background, with a “particularly aggressive pricing environment from new entrants”
Playtech says Italian financial market regulator approves mandatory takeover offer for remaining Snaitech shares
The FTSE 250-listed firm said it holds almost 81.0 % of Snaitech’s issued share capital, as a result of the acquisition of approximately a 70.6% stake, plus market purchases of approximately 10.3%
Playtech says €846mln Snaitech stake acquisition to complete sooner than expected after Italian regulatory approval
Playtech announced the deal to acquire the majority stake in Snaitech on 12 April and will be required to make a mandatory offer for the remaining shares after completing the original acquisition
Playtech weak as gaming group confirms Asian revenues remained lower year-on-year
The FTSE 250-listed firm said Asian daily average revenues were down on last year due to strong comparatives and an "increasingly competitive backdrop"
Webis and GAN soar after US Supreme Court opens door to the legalisation of sports betting in the US
Shares in the big players went up yesterday as news of the court's decision came through but most have seen profit-taking this morning, leaving the spotlight open for the smaller players
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
Deutsche Bank boosts target price for Playtech in wake of recent €846mln Italian acquisition
The German bank reiterated a ‘buy’ on the stock and increased its target for the FTSE 250-listed firm to 1,300p, from 1,070p previously
Octagonal shares jump as subsidiary reports record earnings
A look at some of the biggest risers and fallers in London on Thursday
Playtech cheers the City with €846mln acquisition of Italian rival Snaitech
Snaitech's is one of the leading and best-known online gaming brands in Italy, which is Europe's largest gaming market
Playtech disappoints the market again as B2B revenue falls sharply
If profit warnings come in threes, we're due one more from Playtech
Investments and investor services
FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252
Archive
Another day, another bank reporting results - Barclays the next up to the oche
Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
Investments and investor services
FTSE 100 closes in red as market awaits US jobs report
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
Playtech slumps after issuing profit warning due to Asian slow-down
The company said full-year performance would be around 5% below the bottom end of market expectations.
Playtech expands financials' B2B business with up to US$150mln purchase of assets from ACM
The FTSE 250-listed firm said the deal will enhance the B2B offering of its financials division, which will now be known as TradeTech Group to better reflect the full capabilities of the businesses
Playtech shares weak as founder Teddy Sagi sells bigger than expected 11.5% stake via placing
Brickington Trading Ltd - a wholly-owned subsidiary of a trust of which Sagi is the ultimate beneficiary - said it had sold 36.5mln Playtech shares at a price of 924p each
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Archive
Barclays next in to bat as banking results season continues
Will Barclays' results be duff, like HSBC's, or buff, like Lloyds'?
Archive
Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Investments and investor services
FTSE 100 stocks end near session highs thanks to banks
FTSE 100 shares closed near their highest point of the session on Tuesday, but no thanks to spread-betting stocks after the UK’s top regulator proposed stricter rules for the sector
Archive
Brokers: William Hill the laggard in gambling race says Investec
William Hill, Sound Energy, Solo Oil, Prudential ....
Which bookmaker is a sure-fire winner?
One leading City firm has taken a closer look at the London-listed bookies, but just which horse has it backed?
PREVIEW: What to expect from Spire Healthcare interims on Thursday
Investors will want to see signs that an anticipated pick up in growth will materialise in the second.
Week Ahead: Persimmon expected to shrug off Brexit fears
Approvals remained ahead of last year in the run-up to the EU membership referendum but what about after it?
William Hill stumbles as gambling duties bite
Shares fell despite a chunky share buy-back and a more generous dividend policy
Investments and investor services
Plus500 recovers after UK watchdog intervention ends
Market turmoil sparked by low oil prices and geopolitical events resulted in strong start to 2016
Archive
Copper concentrate to become increasingly important to Anglo Asian Mining
Also covered: BHP Billiton, Centaur Media, Kingfisher, Reckitt Benckiser
Investments and investor services
FTSE 100 ends lower; Home Retail lifts on bid talk
The group, which also owns Homebase, could fetch up to £1bn according to reports
Falling commodity prices weigh on Footsie
The FTSE 100 Index fell 26 points to 6308 at lunchtime
London shares fall as falling commodity prices hit miners
The Footsie and mainland European indices fell despite upbeat eurozone data
Investments and investor services
Risers & Fallers: Stratmin Global, Summit Therapeutics, Superglass, Mitie Group, InternetQ and more
Below are the main news-driven share price movements at 4pm.
Playtech merger with Plus500 collapses
Playtech has agreed to allow Plus500 to terminate the merger deal
Investments and investor services
Risers & Fallers: TalkTalk, Treveria, Kuala Innovations, Atlas Mara, Avocet and Genel
Below are the main news-driven share price movements at 4pm.
Thursday's agenda: Early chance for new Barclays CEO to set out his stall
BT and Royal Dutch will be competing with Barclays for top billing
Week Ahead: Banking sweepstakes
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
Week Ahead: Banking sweepstakes
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
Investments and investor services
FTSE 100 ends 170 points higher on commodities price jump
The FTSE 100 Index soared 168 points, or 2.75%, to 6,298
Playtech hit by delays to its Plus500 and Ava deals
Both the AVA Trade and Plus500 deals had been expected to complete by the end of September
Risers & Fallers: Legendary Investments, Xchanging, Allied Minds and more
Below are the main news-driven share price movements at 4pm.
Thursday's agenda: Thomas Cook to update on summer trading
Fed chair Janet Yellen will also give a speech on Thursday after last week's interest rate announcement...