Company
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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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”
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 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
The FTSE 250-listed firm said Asian daily average revenues were down on last year due to strong comparatives and an "increasingly competitive backdrop"
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
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
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
A look at some of the biggest risers and fallers in London on Thursday
Snaitech's is one of the leading and best-known online gaming brands in Italy, which is Europe's largest gaming market
If profit warnings come in threes, we're due one more from Playtech
Investments and investor services
In London, the FTSE 100 closed down around 29 points at 7,252
Archive
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
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
The company said full-year performance would be around 5% below the bottom end of market expectations.
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
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
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.
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Will Barclays' results be duff, like HSBC's, or buff, like Lloyds'?
Archive
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Investments and investor services
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
