Playtech Overview
Playtech is an online gaming software supplier offering solutions to the industry's leading operators. Playtech's product suite can be fully integrated into a complete cross-platform offering, enabling players to access online, broadcast, mobile, and server-based gaming terminals through a single account. Its online gaming applications include online casino, poker, bingo, sports betting, live gaming, and casual and fixed-odds games. Through Playtech's complete management solution, IMS operators get access to a fully integrated set of tools and services to manage the entire product suite, maximize their cross-sell opportunities, and increase player value.
Latest News
growth-positive
Top UK Penny Stocks To Watch In October 2025
The article discusses the current state of the UK market, highlighting the volatility in the FTSE 100 index due to weak trade data from China. Despite this, penny stocks are gaining attention for their potential growth. Among the companies mentioned, FRP Advisory Group plc stands out with a market cap of £343.65 million, demonstrating financial stability and strong earnings growth. The company has a robust balance sheet, with short-term assets exceeding liabilities and a high Return on Equity. Despite a recent slowdown in profit growth, FRP has historically shown significant earnings growth and is forecasted to continue growing. The article emphasizes the potential of penny stocks like FRP Advisory Group in the current market environment.
growth-negative
Playtech stock plunges 30% after Evolution names it in legal complaint
Playtech shares dropped by over 30% following Evolution ABs decision to include Playtech as a defendant in an ongoing lawsuit. The legal proceedings stem from a 2021 short report allegedly commissioned by Playtech, which was later deemed not truthful by New Jersey’s Superior Court. Despite investigations by New Jersey and Pennsylvania regulators, no corrective actions were taken. Evolution expects the litigation to continue until 2026. This development has negatively impacted Playtechs stock, reflecting the seriousness of the legal challenges it faces.
growth-positive
3 UK Stocks That May Be Undervalued In October 2025
Nichols plc, a company with a market cap of £396.78 million, supplies soft drinks to various industries globally. The company is trading at a 41.9% discount to its estimated fair value, suggesting it is significantly undervalued. Despite a slight dip in recent earnings, Nichols forecasts robust annual profit growth of 16.4%, surpassing the UK market average. Analysts predict a potential stock price increase of 34.8%. However, the company has an unstable dividend track record, and recent executive changes could affect future performance stability. Overall, Nichols is poised for substantial financial growth, making it an attractive option for investors seeking undervalued stocks.
Management Changes
growth-positive
3 UK Growth Stocks With Insider Ownership Up To 38%
AO World plc, an online retailer specializing in domestic appliances in the UK and Germany, shows strong insider confidence with significant insider buying despite recent selling. The company forecasts a 36% annual earnings growth, surpassing UK market growth, though revenue growth is expected at a moderate 8.2% per year. Profit margins have decreased to 0.9%, and the company is trading below fair value by 27.7%. Recent sales guidance indicates a promising 13% revenue increase for April-September 2025. The market cap is approximately £549.13 million, with revenue totaling £1.14 billion.
growth-negative
Promising UK Penny Stocks To Consider In September 2025
The article discusses the challenges faced by the UK market, particularly the downturn of the FTSE 100 index due to weak trade data from China. Despite these challenges, there are opportunities in penny stocks, which are smaller or newer companies with potential for growth. Brave Bison Group plc, a digital advertising and technology services company, is highlighted as one such opportunity. The company has a market cap of £49.01 million and reported half-year sales of £17.8 million, although net income declined. Despite high share price volatility, the company has a strong financial position with short-term assets covering liabilities and debt well-covered by operating cash flow.
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 1 |
| Investors | 0 |
Team Members
3
Employees: 500+
Web & Social Links
| Website | www.playtech.com |
| Careers | Careers page |
Locations
Yigal Alon St 98, Tel Aviv-Yafo, Israel
10 Jamestown Road, London, Greater London, UK
Sportyvna Square, 1a, Kyiv, Ukraine
Photos & Videos
1 item(s)
Playtech Business
Business models
B2B2C, B2B
Product stage
Released
Employees
500+
Sector
Media & Entertainment TechnologiesDigital Content Engagement & EntertainmentTarget Customer
Media & EntertainmentGaming IndustryMobile GamingConsumersRecreational & LifestyleGamersCommerce & RetailDistribution ChannelsOmni ChannelCore Technology
Platforms & InterfacesSoftwareWebMobileTags (13)
software-applicationsgamessportsmobile-gamesentertainmentgame-developmentsocial-gamescrmrisk-managementtradingmarketinguser-experienceretailersGeographic Markets
IsraelUkraineEstoniaUnited StatesUnited KingdomBulgariaPlaytech Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Public
Funding stage
1
Total rounds
0
Investors
Public Offering / Exit
POEvent
Apr 2006
Undisclosed
Mergers & Acquisitions
MNAEvent
Feb 2017
$62.2M
MNAEvent
Nov 2016
$120M
MNAEvent
Oct 2016
$18.2M
MNAEvent
Jul 2016
$152.6M
MNAEvent
May 2016
$55.7M
MNAEvent
May 2016
$8.5M
Playtech Lifecycle
All Events
POEvent
Apr 2006
Undisclosed
MNAEvent
Feb 2017
$62.2M
MNAEvent
Nov 2016
$120M
MNAEvent
Oct 2016
$18.2M
MNAEvent
Jul 2016
$152.6M
MNAEvent
May 2016
$55.7M
MNAEvent
May 2016
$8.5M
Playtech News
111 articles
growth-positive
Top UK Penny Stocks To Watch In October 2025
The article discusses the current state of the UK market, highlighting the volatility in the FTSE 100 index due to weak trade data from China. Despite this, penny stocks are gaining attention for their potential growth. Among the companies mentioned, FRP Advisory Group plc stands out with a market cap of £343.65 million, demonstrating financial stability and strong earnings growth. The company has a robust balance sheet, with short-term assets exceeding liabilities and a high Return on Equity. Despite a recent slowdown in profit growth, FRP has historically shown significant earnings growth and is forecasted to continue growing. The article emphasizes the potential of penny stocks like FRP Advisory Group in the current market environment.
growth-negative
Playtech stock plunges 30% after Evolution names it in legal complaint
Playtech shares dropped by over 30% following Evolution ABs decision to include Playtech as a defendant in an ongoing lawsuit. The legal proceedings stem from a 2021 short report allegedly commissioned by Playtech, which was later deemed not truthful by New Jersey’s Superior Court. Despite investigations by New Jersey and Pennsylvania regulators, no corrective actions were taken. Evolution expects the litigation to continue until 2026. This development has negatively impacted Playtechs stock, reflecting the seriousness of the legal challenges it faces.
growth-positive
3 UK Stocks That May Be Undervalued In October 2025
Nichols plc, a company with a market cap of £396.78 million, supplies soft drinks to various industries globally. The company is trading at a 41.9% discount to its estimated fair value, suggesting it is significantly undervalued. Despite a slight dip in recent earnings, Nichols forecasts robust annual profit growth of 16.4%, surpassing the UK market average. Analysts predict a potential stock price increase of 34.8%. However, the company has an unstable dividend track record, and recent executive changes could affect future performance stability. Overall, Nichols is poised for substantial financial growth, making it an attractive option for investors seeking undervalued stocks.
Management Changes
growth-positive
3 UK Growth Stocks With Insider Ownership Up To 38%
AO World plc, an online retailer specializing in domestic appliances in the UK and Germany, shows strong insider confidence with significant insider buying despite recent selling. The company forecasts a 36% annual earnings growth, surpassing UK market growth, though revenue growth is expected at a moderate 8.2% per year. Profit margins have decreased to 0.9%, and the company is trading below fair value by 27.7%. Recent sales guidance indicates a promising 13% revenue increase for April-September 2025. The market cap is approximately £549.13 million, with revenue totaling £1.14 billion.
growth-negative
Promising UK Penny Stocks To Consider In September 2025
The article discusses the challenges faced by the UK market, particularly the downturn of the FTSE 100 index due to weak trade data from China. Despite these challenges, there are opportunities in penny stocks, which are smaller or newer companies with potential for growth. Brave Bison Group plc, a digital advertising and technology services company, is highlighted as one such opportunity. The company has a market cap of £49.01 million and reported half-year sales of £17.8 million, although net income declined. Despite high share price volatility, the company has a strong financial position with short-term assets covering liabilities and debt well-covered by operating cash flow.
growth-positive
UK's Top Insider-Owned Growth Companies For September 2025
Aston Martin Lagonda Global Holdings plc, a luxury sports car manufacturer, is positioned for growth despite recent financial challenges. The company, with a market cap of £740.11 million, is projected to achieve a 12.4% annual revenue growth, surpassing the UK market average. It aims to become profitable within three years, despite a recent net loss of £148.8 million for the half-year ending June 2025. The appointment of Andrew McNaught as a non-executive director represents significant shareholder interests and may positively influence the companys strategic direction. The companys shares might be trading at a discount, suggesting potential investment opportunities.
Management Changes
growth-negative
Stocks to watch next week: GameStop, Adobe, Associated British Foods, Dunelm and Vistry
GameStop is set to release its second-quarter earnings on September 9, with analysts expecting earnings of $0.19 per share and revenues of approximately $823.25 million. This represents a decline from previous quarters as the company faces structural challenges in physical game retail. Investors are keen to see if GameStops streamlined operating model can maintain profitability amidst a shift towards digital sales. The companys stock has been volatile, with significant price swings following past earnings reports. The upcoming earnings announcement is expected to be a critical moment for the company, reflecting the polarized investor sentiment around its transformation strategy.
Public Trading
growth-positive
Insider Stock Buying Reaches €846.2k On Playtech
The article discusses significant insider buying at Playtech plc, with several insiders, including CEO & Executive Director Moran Weizer, purchasing shares at prices higher than the current market value. This insider activity suggests confidence in the companys future prospects. Over the last twelve months, the largest insider purchase was by Moran Weizer, who bought UK£270k worth of shares at UK£7.50 per share. The average buy price was around UK£4.44, indicating perceived value at current prices. Additionally, Playtech insiders own 13% of the company, valued at approximately UK£164m, which aligns managements interests with those of shareholders. The article also briefly mentions AIs impact on healthcare and highlights stocks under $10bn market cap.
growth-negative
UK Penny Stocks To Watch In August 2025
The article discusses the UK markets recent challenges, particularly the decline in the FTSE 100 and FTSE 250 indices due to weak trade data from China. Despite these challenges, there are opportunities in penny stocks, which are smaller or newer companies with growth potential. Churchill China plc, a company in the ceramics industry, is highlighted with a market cap of £47.29 million. Despite being debt-free and having a stable asset position, Churchill China faces challenges with declining earnings growth and lower profit margins. The companys Price-To-Earnings ratio suggests potential undervaluation, but concerns about high volatility and an unsustainable dividend persist.
growth-negative
Those who invested in Playtech (LON:PTEC) a year ago are up 101%
The article discusses the performance of Playtech plcs stock, which has seen a significant decline in share price by 21% over the past year. However, the total return to shareholders, including dividends, was 101%, indicating a better performance than the market average. Despite a drop in earnings per share below zero, there has been insider buying, suggesting potential recovery. The article highlights the difference between total shareholder return and share price change, emphasizing the importance of dividends in the overall return. The recent improvement in total shareholder return suggests a positive outlook for the companys future performance.
growth-positive
3 UK Penny Stocks With Market Caps Larger Than £100M
Afentra plc, an upstream oil and gas company focused on Africa, has demonstrated significant financial growth. With a market cap of £116.24 million, the company reported US$180.86 million in revenue for 2024 and achieved profitability with a net income of US$52.35 million. Afentra maintains strong financial health, having more cash than debt and a high return on equity of 53.1%. Despite an increase in its debt-to-equity ratio over the past five years, the company trades at a good value compared to peers and remains below analyst price targets by 75.7%.
growth-positive
UK Growth Stocks With Strong Insider Ownership
The article discusses the performance of various companies on the UKs FTSE 100 index, highlighting those with high insider ownership and significant earnings growth. Faron Pharmaceuticals Oy, a clinical-stage drug discovery and development company, is noted for its market cap of £232.31 million and its focus on advancing novel therapeutics. Despite challenges in the broader market due to weak trade data from China, companies like Faron Pharmaceuticals with strong insider ownership are seen as having potential for growth. The article also mentions Brickability Group Plc, which is positioned for significant earnings growth, although its profit margins have declined recently.
Product Stage
growth-positive
Playtech plc's (LON:PTEC) largest shareholders are retail investors with 49% ownership, institutions own 32%
The article discusses the ownership structure of Playtech plc, highlighting that retail investors hold the largest share at 49%, followed by institutional investors at 32%. This distribution suggests that key decisions are influenced by these shareholders. The largest shareholder is Albula Investments Fund Ltd with 5.4%, followed by TT Bond Partners and Ki Yan Lo. The article implies a growth-positive outlook due to the significant stake held by institutional investors, indicating credibility in the investment community. However, it also cautions about the potential volatility if multiple institutions change their views simultaneously.
growth-positive
3 UK Penny Stocks With Market Caps Under £2B
Bango PLC, a company with a market cap of £71.84 million, is making strides in the penny stock market through strategic partnerships and financial maneuvers. Despite being unprofitable, Bango has secured additional funding via a new loan agreement and revolving credit facility, which strengthens its balance sheet. The company is expanding its market presence with recent collaborations with KT in Korea and Optimum in the US, leveraging its Digital Vending Machine technology. Although its share price is volatile and losses have increased over the past five years, forecasts indicate significant earnings growth, supported by an experienced management team.
PartnersInvestment
growth-positive
UK Stocks Trading Up To 43.9% Below Intrinsic Value Estimates
GlobalData Plc, a company offering business information through proprietary data, analytics, and insights, is currently trading at a significant discount to its estimated fair value. Despite the recent termination of acquisition interest from KKR, discussions with ICG continue, which could impact future valuations and strategic direction. The companys earnings are projected to grow annually by 23.68% over the next three years, suggesting a growth-positive outlook. GlobalDatas operations span across Europe, North America, and the Asia Pacific, with a market cap of £1.32 billion. The companys financial performance is expected to exceed current levels, presenting potential opportunities for investors.
Acquired-by
growth-positive
3 UK Growth Companies With Up To 38% Insider Ownership
The article discusses the performance of the UK stock market, highlighting companies with high insider ownership and significant earnings growth. PensionBee Group plc, a company offering online retirement saving services, is experiencing robust growth with projected earnings and revenue increases. Despite a low forecasted return on equity, the company is expected to become profitable within three years. Recent product innovations, such as a retirement savings calculator, are enhancing its growth prospects. The article also mentions Playtech plc, a technology company in the gambling sector, with significant revenue from its gaming B2B segment.
growth-positive
3 UK Penny Stocks With Market Caps Up To £2B
Currys plc, an omnichannel retailer of technology products and services, has demonstrated significant earnings growth of 121.2% over the past year, surpassing the Specialty Retail industry. Despite a low net profit margin of 0.7%, the company has effectively reduced its debt to equity ratio from 14.1% to 0.05% over five years and maintains more cash than total debt. Currys forecasts continued earnings growth at 13.1% per year. The company operates in the UK, Ireland, and several Nordic countries, with a market cap of £1.33 billion. While short-term assets do not fully cover short-term liabilities, they exceed long-term liabilities. The management team is seasoned, although the board is relatively inexperienced.
growth-positive
A Look At The Intrinsic Value Of Playtech plc (LON:PTEC)
The article discusses the valuation of Playtech plc, using a Discounted Cash Flow (DCF) model to determine its intrinsic value. The analysis suggests that Playtechs current share price of UK£3.67 is close to its estimated fair value of UK£3.91. The analyst price target for Playtech is €5.15, which is 32% higher than the estimated fair value. The DCF model used in the analysis considers two stages of growth, with the first stage having a higher growth rate and the second stage assuming a stable growth rate. The projected cash flows for the next ten years are discounted to present value, resulting in a total present value of €471 million.
growth-negative
Playtech Full Year 2024 Earnings: EPS Misses Expectations
Playtech reported a revenue of €848.0 million, marking a 9.9% increase from the previous fiscal year. However, the company experienced a significant net loss of €136.2 million, which widened by €124.1 million compared to the previous year. The earnings per share (EPS) also deteriorated to a loss of €0.45 per share. Despite the revenue being in line with analyst estimates, the EPS missed expectations. Looking forward, Playtechs revenue is forecasted to grow at an average of 3.4% annually over the next three years, which is below the 6.4% growth forecast for the UK hospitality industry. The companys shares have increased by 1.5% over the past week.
growth-positive
UK's Playtech to name ex-DAZN executive Gleasure as chair, Sky News says
British gambling technology firm Playtech is set to appoint John Gleasure, a former DAZN executive, as its new chairman, succeeding Brian Mattingley. This management change comes as Playtech transitions into a pure business-to-business software provider following the sale of its Italian unit, Snaitech, to Flutter for 2.3 billion euros. The sale marks a significant shift for Playtech, allowing it to focus on its core software offerings. The company has received the necessary regulatory approvals for this transaction, which is expected to positively impact its growth trajectory.
Management ChangesAcquisition
growth-positive
Several Insiders Invested In Playtech Flagging Positive News
The article discusses insider buying activity at Playtech plc, highlighting that several insiders, including CEO & Executive Director Moran Weizer, have purchased shares over the past year. This insider buying is seen as a positive signal for the company, suggesting confidence in its future prospects. Insiders own approximately 13% of the company, valued at UK£295 million, indicating strong alignment with shareholder interests. The article emphasizes the importance of insider transactions as a factor in long-term investing and suggests that Playtech insiders are optimistic about the companys future. No recent insider transactions have been noted, but past activity is viewed favorably.
growth-positive
Playtech PLC (PYTCY) (Q4 2024) Earnings Call Highlights: Strong Growth and Strategic Moves
Playtech PLC reported a strong financial performance for 2024, with significant growth in both B2B and B2C segments. The company achieved an adjusted EBITDA of EUR480 million, marking an 11% increase year-on-year. Notably, Playtech signed two landmark agreements, including the sale of Snaitech for EUR2.3 billion, expected to complete in Q2 2025. The company reduced its net debt from EUR283 million to EUR143 million by the end of 2024. Playtech is focusing on expanding in the US and Brazil, with US revenues growing over 150% in 2024. However, challenges remain, such as lower margins expected in 2025 and underperforming assets generating significant losses, including HAPPYBET, which may be sold or closed.
AcquisitionPartners
growth-negative
Trending tickers: Nvidia, General Motors, Robinhood, H&M and Next
Shares in Nvidia fell by 5% after a report suggested that Chinese environmental regulations could negatively impact the companys sales in China. The Financial Times reported that Chinese regulators are encouraging firms to use data center chips that meet strict environmental requirements, which exclude Nvidias H20 chip. Despite the challenges, Nvidias spokesperson emphasized the energy efficiency of their products and the need for export control policies to adapt. The broader tech market also saw declines amid concerns of an escalating trade war. Meanwhile, US carmakers like General Motors and Ford experienced stock declines following President Trumps announcement of 25% tariffs on car imports, which are set to take effect on April 2.
growth-negative
Stocks to watch this week: GameStop, Lululemon, Kingfisher, Bellway and Fevertree
GameStop is set to release its fourth-quarter earnings on March 25, with analysts expecting earnings of $0.09 per share and $1.48 billion in revenue. The companys stock has been volatile, with significant fluctuations in recent weeks. GameStops shares have fallen over 70% from their all-time high in January 2021. Speculation about a potential move into the cryptocurrency market arose after GameStop CEO Ryan Cohen was seen with MicroStrategy CEO Michael Saylor. Despite a recent mixed earnings report, GameStops stock rose by more than 8% the following day. Analysts have issued an underperform rating with a $10 target price.
growth-negative
Playtech plc (LON:PTEC) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?
The article discusses Playtechs recent stock performance and its financial metrics, particularly focusing on its Return on Equity (ROE). Despite a 2.2% increase in stock price over the past three months, Playtechs ROE of 6.1% is below the industry average of 8.8%, indicating potential concerns about its profitability and growth prospects. The companys net income growth of 4.7% over the past five years is also lower than the industry average of 27%, suggesting that Playtech may not be performing as well as its peers. This analysis raises questions about whether the market has accurately priced Playtechs expected earnings growth.
growth-positive
Playtech's (LON:PTEC) five-year total shareholder returns outpace the underlying earnings growth
The article discusses the stock performance of Playtech, highlighting a significant 76% increase in share price over the past five years, outperforming the market average. Despite a recent downturn, the stock has still returned 60% in the last year, indicating improved performance. The company has transitioned from a loss to profitability, which is seen as a positive development. Insiders have made significant share purchases in the past year, suggesting confidence in future earnings. The article emphasizes the importance of considering market conditions and risks, noting that Playtech has one warning sign to be aware of. Overall, the article presents a growth-positive outlook for Playtech.
growth-neutral
While institutions own 33% of Playtech plc (LON:PTEC), retail investors are its largest shareholders with 48% ownership
The article discusses the ownership structure of Playtech plc, highlighting that retail investors hold 48% of the companys shares, making them the largest group of shareholders. Institutional investors account for 33% of the stockholders, indicating a significant institutional interest in the company. The largest shareholder is Albula Investments Fund Ltd, with a 5.4% stake. The top 25 shareholders collectively hold less than half of the shares, suggesting a diverse ownership base with no single majority holder. The article emphasizes the influence of retail investors on key company decisions and notes that institutional investors interest may reflect positive analyst sentiments.
growth-positive
Is It Too Late To Consider Buying Playtech plc (LON:PTEC)?
Playtech plc has experienced a significant share price increase of 41% over the past couple of months on the London Stock Exchange, nearing its yearly highs. Analysts suggest that the current price-to-earnings ratio of 23.83x is slightly above the industry average of 22.58x, indicating a sensible price for potential investors. Despite this, Playtechs high beta suggests potential for exaggerated price movements, offering buying opportunities during market downturns. With an expected profit growth of 73% over the next few years, the companys future outlook appears robust, potentially leading to higher cash flow and share valuation. The market seems to have already factored in Playtechs positive outlook, but investors should consider other factors like management track record before making investment decisions.
growth-positive
Playtech First Half 2024 Earnings: EPS: €0.033 (vs €0.01 in 1H 2023)
Playtech reported its financial results for the first half of 2024, showing a revenue increase of 5.5% to €906.8 million compared to the first half of 2023. Net income surged by 229% to €10.2 million, and the profit margin improved to 1.1% from 0.4%. Earnings per share also rose to €0.033 from €0.01. Despite these positive financial indicators, the companys share price remained stable over the past week. Looking forward, Playtechs revenue is expected to grow at an average rate of 3.3% annually over the next three years, which is below the 6.2% growth forecast for the UK hospitality industry. The article also mentions two warning signs for Playtech, though details are not provided.
growth-positive
Playtech PLC (PYTCF) (Q2 2024) Earnings Call Transcript Highlights: Strong B2B Growth and ...
Playtech PLC reported strong financial performance for H1 2024, with adjusted EBITDA up 11% to EUR243 million. The B2B division saw significant growth, with adjusted EBITDA increasing by 38%. The company finalized a strategic agreement with Caliplay and sold Snaitech to Flutter for EUR2.3 billion. Despite flat B2C revenues and a decline in adjusted EBITDA by 6%, the overall outlook remains positive. The company is focusing on expanding in the Americas and other regulated markets. Challenges include a loss-making US business and a EUR30-40 million cash headwind expected in 2025 due to the revised Caliplay agreement.
AcquisitionPartnersCustomers
growth-positive
Stocks to watch next week: Greggs, Tesco, JD Wetherspoon, Nike and Levi's
Greggs is set to report its third-quarter trading update on October 1. The company has shown impressive performance in the first half of the year, with a 14% increase in sales and a 16% rise in underlying pre-tax profit. Greggs has been focusing on menu tweaks, evening market penetration, new delivery options, and app usage, which have contributed to its outperformance. Despite expected slower like-for-like sales in the second half, the outlook remains positive with store expansion and growth drivers. Investor attention is now on the upcoming trading update.
Customers
growth-positive
Playtech plc's (LON:PTEC) Stock Is Going Strong: Have Financials A Role To Play?
Playtechs stock has surged by 59% over the past three months, prompting a closer look at its financial indicators. The companys return on equity (ROE) is 5.8%, which is below the industry average of 8.9%. Despite this, Playtech has seen a modest net income growth of 11% over the past five years, although this is lower than the industry average of 15%. The company reinvests all its profits back into the business, contributing to its earnings growth. Analysts expect the companys earnings to gain momentum in the future.
growth-positive
Flutter Buys Playtech’s Italian Unit for €2.3 Billion
Flutter Entertainment Plc has agreed to acquire Playtech Plc’s Italian gambling business, Snaitech, for €2.3 billion ($2.6 billion) in cash. This acquisition is part of Flutters strategy to expand internationally and build strong market positions. The deal is expected to close by the second quarter of 2025. Playtech will pay a special dividend of €1.7 billion to €1.8 billion after the completion of the deal. Flutter has seen significant growth in the US and has been expanding aggressively in other markets, including Italy, Georgia, and India. The acquisition will further strengthen Flutters customer base and revenue streams.
AcquisitionCustomers
growth-positive
FanDuel parent acquires Playtech's Italian gambling segment
Flutter Entertainment, the parent company of FanDuel, has agreed to acquire Playtechs Italian gambling business for $2.6 billion. This acquisition follows Flutters recent purchase of a majority stake in Brazils NSX Group, the fourth-largest online gambling operator in the country. The move is part of Flutters strategy to expand its presence in the European market. The acquisition is expected to bolster Flutters portfolio and enhance its market position in the gambling industry.
Acquisition
growth-positive
Flutter Entertainment Buys Snaitech From Playtech for $2.6 Billion
Flutter Entertainment announced the acquisition of Italian gambling company Snaitech from Playtech in a cash deal valued at $2.6 billion. This strategic move is expected to enhance Flutter Entertainments presence in the Italian market and expand its portfolio in the gambling industry. The acquisition signifies a significant investment and growth opportunity for Flutter Entertainment.
Acquisition
growth-positive
Stocks to Watch on Tuesday: Intel, Microsoft, Amazon, Flutter
Intel announced plans to cut more costs and further separate its chip-manufacturing and design operations. Additionally, Intel has entered into a multibillion-dollar agreement with Amazons cloud-computing arm. This partnership is expected to positively impact Intels growth by expanding its reach in the cloud computing market while also optimizing its operational efficiency through cost-cutting measures.
PartnersLayoffs
growth-positive
Paddy Power owner Flutter buys Playtech’s Italian subsidiary
Flutter Entertainment has agreed to acquire Snaitech, the Italian subsidiary of Playtech, for 2.3 billion euros. The acquisition is expected to close in the second quarter of next year. Snaitech, trading under the name Snai, is a major betting brand in Italy with 2,000 retail outlets and a 5% revenue growth last year. The deal will give Flutter a 30% online market share in Italy, a market with significant growth potential due to its relatively low online penetration. Flutters CEO, Peter Jackson, highlighted the strategic and financial benefits of the acquisition, which aligns with Flutters M&A strategy.
Acquisition
growth-positive
Flutter bets on Italian gambling market with $2.6 billion Snaitech deal
Flutter Entertainment announced it will acquire Snaitech from Playtech for 2.3 billion euros ($2.6 billion), including debt. This acquisition will solidify Flutters position as the leading gambling firm in Italy and is expected to close by the second quarter of 2025. The deal will immediately add to Flutters earnings per share and expand its online market share in Italy to about 30%. This move is part of Flutters broader strategy of aggressive international expansion, following its recent acquisition of a 56% stake in Brazils NSX Group for $350 million. Playtech will focus on its business-to-business software operations post-sale.
AcquisitionCustomersPartners
growth-positive
UK's Playtech sees 2024 profit slightly ahead of market view
British gambling technology firm Playtech Plc announced that it expects its adjusted core profit for 2024 to be slightly ahead of market expectations, driven by strong performance in its business-to-business (B2B) division. The company reported revenue growth in the Americas for the first half of the year, aided by tighter cost controls. Playtech has also entered into an agreement with Mexican sports betting firm Caliente Interactives unit Caliplay, acquiring a 30.8% equity interest. As part of the agreement, Playtech will have the right to appoint a director to Calientes board and has signed a revised eight-year B2B software license and services agreement.
Partners
growth-positive
Trending tickers: Palantir, Playtech, Intel and Bajaj Finance
Shares in data-analytics company Palantir have more than doubled this year, with Bank of America (BofA) maintaining a buy rating and raising its price target to $50 from $30. Palantirs inclusion in the S&P 500, along with Dell and Erie Indemnity, is seen as a significant moment for institutional investors. BofA analysts believe Palantirs capabilities and technology are misunderstood on Wall Street. The stock was trading at over $35 per share pre-market on Monday. The inclusion in the S&P 500 is set to occur before market open on 23 September.
Public TradingPartners
growth-positive
An Intrinsic Calculation For Playtech plc (LON:PTEC) Suggests It's 33% Undervalued
The article discusses the valuation of Playtech plc (LON:PTEC) using the Discounted Cash Flow (DCF) model. The analysis estimates Playtechs fair value at UK£9.50 per share, suggesting it is potentially 33% undervalued compared to its current share price of UK£6.40. The DCF model projects future cash flows and discounts them to present value, resulting in a total equity value of €3.4 billion. The article highlights that while the DCF model is useful, it has limitations and should not be the sole metric for investment decisions. It also notes that Playtechs earnings growth has exceeded the industry average, and the company is considered a good value based on its P/E ratio and estimated fair value.
Growth-Positive
UK's Playtech mulls sale of Italian unit to Flutter
UK gambling technology firm Playtech is in talks with Irish betting firm Flutter Entertainment for the sale of its Italian unit Snaitech. The deal could be worth 2 billion pounds ($2.57 billion). Playtechs shares jumped 19% to their highest level since March 2022 on the potential deal. Flutter, which reported upbeat results late on Tuesday, saw its shares rise 8%. A formal agreement is not expected until at least next month.
Acquisition
Growth-Positive
While shareholders of Playtech (LON:PTEC) are in the black over 3 years, those who bought a week ago aren't so fortunate
Playtech plcs shares have increased by 44% over three years, significantly outperforming the market return of 0.1%. The company has become profitable within the last three years, which is generally considered a positive sign for investors. Despite a recent pullback of 3.6%, long-term shareholders have made a gain of 6% per year over half a decade. The recent sell-off could be an opportunity for investors, as the companys fundamentals show signs of a long-term growth trend.
growth-positive
July 2024 Insight Into UK Growth Companies With High Insider Ownership
The article discusses the growth of companies with high insider ownership in the UK market. It highlights three companies - International Workplace Group, Playtech, and TBC Bank Group - detailing their operations, market capitalization, revenue generation, and insider ownership. The companies are expected to outpace the UK market average in terms of revenue and earnings growth. The article also mentions strategic partnerships, debt refinancing, and management changes as factors contributing to the companies growth. However, challenges such as a high bad loans ratio and unstable dividends are also noted.
InvestmentManagement Changes
growth-positive
High Insider Ownership Growth Companies On The UK Exchange
The article discusses the growth prospects of three UK companies - International Workplace Group, Playtech, and TBC Bank Group - that have high insider ownership. International Workplace Group, a workspace solutions provider, is expected to see a 7.8% annual increase in revenue and become profitable within three years. Playtech, a gaming technology company, has entered a strategic partnership with MGM Resorts and is expected to see its earnings grow by 20.62% annually over the next three years. TBC Bank Group recently announced a private placement and share buyback, signaling strong insider confidence.
Investment
growth-positive
UK Growth Companies With High Insider Ownership To Watch In July 2024
The article discusses the growth prospects of three UK-based companies: Energean, Playtech, and TBC Bank Group. These companies have high insider ownership, indicating confidence in their future prospects. Energean, an oil and gas company, is expected to outpace the market with its revenue and earnings forecasted to grow at 11% and 15.6% per year respectively. Playtech, a technology company specializing in gambling software, is poised for substantial earnings growth, forecasted at 20.62% annually. TBC Bank Group, a diversified financial services provider, demonstrates robust growth with revenue and earnings forecast to outpace the UK market significantly.
InvestmentManagement ChangesPartners
growth-positive
Mortgage Advice Bureau (Holdings) And Two More UK Growth Companies With High Insider Ownership
The article discusses the growth of companies in the UK market with high insider ownership. It lists 10 companies including Plant Health Care, Petrofac, and Gulf Keystone Petroleum among others. The article further provides a detailed analysis of three companies: Mortgage Advice Bureau (Holdings), Energean, and Playtech. It discusses their operations, insider ownership, and growth dynamics. The article also mentions recent management changes in Mortgage Advice Bureau (Holdings) and Playtechs strategic partnership with MGM Resorts.
Management ChangesPartners
growth-positive
High Insider Ownership Growth Companies On UK Exchange July 2024
The article discusses the growth and insider ownership of three UK companies: Energean, Playtech, and TBC Bank Group. Energean, an energy company, has shown a 49% rise in production and is expected to grow at 11% annually. Playtech, a technology firm, is forecasted to have a 20.62% annual earnings growth. TBC Bank Group, a financial institution, has shown robust growth in net income and net interest income. All three companies have high insider ownership, indicating a strong alignment between management’s interests and those of shareholders.
InvestmentManagement Changes
growth-positive
UK Growth Companies With High Insider Ownership To Watch
The article discusses the performance of the UK market and highlights companies with high insider ownership and strong earnings growth. Energean, an oil and gas company, is noted for its potential investment opportunity due to its undervalued status and expected earnings growth. Playtech, a technology company, is gaining traction with its strategic partnership with MGM Resorts. TBC Bank Group shows robust growth potential with significant insider investment. All three companies are expected to outpace the UK market forecast.
InvestmentPartners
growth-positive
UK Exchange Highlights Three Growth Companies With High Insider Ownership
The article discusses the growth potential of UK companies with high insider ownership, focusing on Energean, Playtech, and TBC Bank Group. Energean, an oil and gas company, is trading below its estimated fair value despite high earnings growth and positive corporate guidance. Playtech, a global technology company specializing in gambling software, is also undervalued but expected to see significant earnings growth. TBC Bank Group has demonstrated robust financial performance with significant earnings growth over the past five years and strong revenue and earnings forecasts, despite concerns about its high level of bad loans.
Investment
Growth-Positive
UK Growth Companies With High Insider Ownership To Watch In July 2024
The article discusses the growth potential of UK companies with high insider ownership. It highlights companies such as Energean, Playtech, and TBC Bank Group, which are expected to outpace the UK markets earnings growth prediction of 12.5%. Energeans revenue growth forecast is 11% annually, while Playtech is expected to see a stock price increase of 37.2%. TBC Bank Group reported a robust first quarter with net income rising and has initiated a GEL 75 million share buyback program. The article suggests that high insider ownership often suggests a strong alignment between management’s interests and shareholder returns.
Investment
Growth-Positive
UK Exchange Highlights Three Growth Companies With High Insider Ownership
The article discusses the potential of investing in UK growth companies with high insider ownership amidst fluctuating global markets. It highlights three companies - Energean, an oil and gas company; Playtech, a global technology company specializing in gambling software; and TBC Bank Group, a banking and financial services company. Despite trading below their estimated fair values, these companies are expected to see robust returns due to their high insider ownership and strong growth forecasts. Energeans revenue is expected to grow at 11% annually, Playtechs earnings are forecasted to increase by 20.62% annually, and TBC Bank Groups earnings and revenue growth forecasts outpace the market at 15.2% and 18.3% per year respectively.
Investment
growth-positive
July 2024 Insight Into UK Growth Companies With High Insider Ownership
The article discusses three UK companies - Energean, Playtech, and TBC Bank Group - that have high insider ownership and robust growth prospects. Energean, an oil and gas company, has shown strong performance with earnings growth forecasted at 15.6% per year. Playtech, a technology company specializing in gambling software, has recently announced a strategic partnership with MGM Resorts and is expected to grow its earnings by 20.62% annually. TBC Bank Group, operating primarily in Georgia, Azerbaijan, and Uzbekistan, has demonstrated robust financial performance with a 23.6% annual earnings growth over the past five years and has initiated a GEL 75 million share buyback program.
InvestmentPartners
Growth-Positive
UK Growth Companies With High Insider Ownership: Spotlight On 3 Stocks
The article discusses the growth prospects of three UK companies with high insider ownership: LSL Property Services, Playtech, and TBC Bank Group. LSL Property Services, a property services company, is expected to see earnings rise by 33.3% annually. Playtech, a technology company offering gambling software and services, recently partnered with MGM Resorts and is expected to see earnings surge by 20.62% annually. TBC Bank Group, a financial entity, has seen a notable increase in net interest income and net income in Q1 2024 and is expected to see earnings growth of 15.2% per year.
Investment
growth-positive
Judges Scientific And Two More UK Growth Companies With High Insider Ownership
The article discusses the performance of three UK-based companies, Judges Scientific, Playtech, and TBC Bank Group, all of which have high insider ownership. Judges Scientific, a scientific instruments manufacturer, is expected to see significant earnings growth over the next three years, despite a decline in net profit margin. Playtech, a technology company specializing in gambling software, is also poised for significant expansion, with earnings forecasted to grow annually over the next three years. TBC Bank Group, operating primarily in Georgia, Azerbaijan, and Uzbekistan, showcases robust financial growth with recent earnings reports indicating a substantial increase in net income and interest income.
Investment
growth-positive
UK Exchange Highlights: Three Growth Companies With High Insider Ownership
The article discusses the growth potential of UK companies with high insider ownership amidst political changes and new economic policies. It highlights three companies - Hochschild Mining, Playtech, and TBC Bank Group. Hochschild Mining, a precious metals company, is expected to see an 11.3% annual revenue increase, outpacing the UK markets 3.5%. Playtech, a global technology company, is expected to see earnings increase by 20.62% annually over the next three years. TBC Bank Group, a financial services company, has seen earnings increase by 23.6% annually over the past five years. All three companies are trading below their estimated fair value, indicating potential undervaluation.
Investment
growth-positive
Exploring Growth Companies With High Insider Ownership On The UK Exchange
The article discusses the growth potential of three UK companies - Hochschild Mining, Playtech, and TBC Bank Group - that have high insider ownership. Hochschild Mining, a precious metals company, is expected to grow its revenue by 11.3% annually and become profitable within three years. Playtech, a global technology firm specializing in gambling software, is expected to grow its earnings by 20.62% annually over the next three years. TBC Bank Groups revenue and earnings are also set to grow, albeit at a pace below significant market benchmarks. The banks recent buyback program reflects confidence from management despite a volatile share price and concerns over its high bad loans ratio.
Investment
growth-positive
UK Growth Companies With Insider Ownership As High As 31%
The article discusses the growth potential of three UK companies with high insider ownership: Foresight Group Holdings, Playtech, and TBC Bank Group. Foresight Group Holdings, a company managing infrastructure and private equity, has demonstrated robust financial performance with a significant annual earnings growth forecast. Playtech, a global technology company offering gambling software and services, has recently entered a strategic partnership with MGM Resorts. TBC Bank Group, operating in Georgia, Azerbaijan, and Uzbekistan, has shown strong financial performance with a significant increase in net income and a share repurchase program.
Investment
growth-positive
UK Growth Companies With High Insider Ownership And Up To 31% Earnings Growth
The article discusses the growth potential of three UK companies - Foresight Group Holdings, Playtech, and TBC Bank Group - which have high insider ownership. Foresight Group Holdings, an infrastructure and private equity manager, has shown strong financial performance with a projected annual earnings growth of 31.6%. Playtech, a technology company offering gambling software and services, has announced a strategic partnership with MGM Resorts and expects an annual earnings increase of 20.6%. TBC Bank Group, operating primarily in Georgia, Azerbaijan, and Uzbekistan, has announced a substantial share repurchase program and forecasts an annual earnings growth of 15.2%.
InvestmentPartners
growth-positive
High Insider Ownership Marks These 3 UK Growth Companies
The article discusses the growth prospects of three UK-based companies with high insider ownership: Foresight Group Holdings, Playtech, and TBC Bank Group. Foresight Group Holdings, an infrastructure and private equity manager, is expected to see its earnings rise by 31.6% annually, outpacing the UK markets 12.5%. Playtech, a technology company that offers gambling software, services, content, and platform technologies, is expected to grow its earnings by 20.62% annually over the next three years. TBC Bank Group, which operates primarily in Georgia, Azerbaijan, and Uzbekistan, is projected to grow its earnings by 15.2% annually.
CustomersPartnersInvestment
growth-positive
High Insider Ownership Growth Stocks On The UK Market In July 2024
The article discusses the growth prospects of three UK-based companies - Foresight Group Holdings, Playtech, and TBC Bank Group - with high insider ownership. Foresight Group Holdings, an infrastructure and private equity manager, is expected to see significant earnings growth over the next three years. Playtech, a global technology company offering gambling software and services, is trading below its estimated fair value, indicating potential undervaluation. TBC Bank Group, operating primarily in Georgia, Azerbaijan, and Uzbekistan, has seen its earnings grow by 23.6% annually over the past five years.
Investment
growth-positive
UK Growth Companies With High Insider Ownership And 33% Earnings Growth
The article discusses the performance of growth-oriented companies in the UK with high insider ownership and robust earnings growth. Companies such as Gulf Keystone Petroleum, Plant Health Care, Petrofac, Integrated Diagnostics Holdings, LSL Property Services, Velocity Composites, Belluscura, B90 Holdings, Afentra, Mothercare, Judges Scientific, Foresight Group Holdings, and Playtech are highlighted. The article provides an overview of each company, their operations, insider ownership, and earnings growth forecast. It also mentions changes in corporate governance structure, dividend payouts, and share buybacks.
InvestmentManagement Changes
growth-positive
UK Growth Companies With High Insider Ownership In July 2024
The article discusses the top growth companies in the UK with high insider ownership. It highlights three companies - Judges Scientific, Foresight Group Holdings, and Playtech. Judges Scientific, a scientific instruments manufacturer, has seen a decline in profit margins but is expected to outpace the UK markets growth rate. Foresight Group Holdings, an infrastructure and private equity investments manager, has shown promising growth with revenue increasing to £141.33 million. Playtech, a gaming software company, has partnered with MGM Resorts to enhance its service offerings. Despite trading below its estimated fair value, it expects earnings to grow by 20.62% per year.
Management ChangesInvestment
Growth-Positive
High Insider Ownership Marks These 3 UK Growth Companies
The article discusses the growth prospects of three UK-based companies - Fintel Plc, Judges Scientific plc, and Playtech plc. These companies have high insider ownership, indicating strong confidence from those who know the businesses best. Fintel Plc, a provider of intermediary services and distribution channels to the retail financial services sector, is expected to see earnings increase by 23.9% annually. Judges Scientific plc, a company that designs, manufactures, and sells scientific instruments, is forecasted to see earnings rise by 25.32% annually. Playtech plc, a global technology company that specializes in providing gambling software, services, content, and platform technologies, has earnings expected to grow significantly at 20.6% annually.
Investment
growth-positive
Unveiling Three UK Growth Companies With High Insider Ownership
The article discusses the growth potential of three UK-based companies - Fintel Plc, Judges Scientific plc, and Playtech plc - that have high insider ownership. Fintel, with a market capitalization of £322 million, is expected to see earnings rise by approximately 23.88% per year over the next three years. Judges Scientific, with a market capitalization of £674.10 million, is predicted to see a 24.5% rise in stock price with revenue growth expected at 4.8% annually. Playtech, with a market capitalization of approximately £1.42 billion, is poised for significant growth with earnings forecasted to increase by 20.62% annually. However, all three companies have seen substantial insider selling recently.
Partners
Retail investors account for 46% of Playtech plc's (LON:PTEC) ownership, while institutions account for 35%
growth-positive
MGM Resorts (MGM) Launches Exclusive Live Casino With Playtech
MGM Resorts International has announced a strategic partnership with technology leader Playtech to provide exclusive live casino content to operators in the iGaming industry. The content, branded as MGM Live, will be streamed directly from the gaming floors of MGM Grand and Bellagio Resort & Casino in Las Vegas. The offerings will be available for licensing in regulated markets worldwide outside of the United States. MGM Resorts plans to expand the partnership by offering exclusive access to a variety of Playtech games, branded TV game shows, and unique entertainment experiences.
PartnersExpand
growth-positive
MGM to Offer Online Betting With Live Dealers in Las Vegas
MGM Resorts International is planning to offer online betting with live dealers based at two of its Las Vegas resorts, the Bellagio and the MGM Grand. This is a first for a casino operator on the Las Vegas Strip. The dealers will administer games such as roulette and baccarat for customers of online betting providers outside of the US. The product will be marketed as “MGM Live.” MGM is partnering with gambling software company Playtech Plc for this initiative. MGM, the largest casino operator on the Las Vegas Strip, has been looking to expand its presence in online betting.
PartnersExpand
growth-positive
High Insider Ownership Growth Companies On UK Exchange In June 2024
The article discusses the growth potential of three UK-based companies - Property Franchise Group, Hochschild Mining, and Playtech - that have high insider ownership. Property Franchise Group, a real estate company, is expected to see significant revenue and earnings growth, but concerns exist over shareholder dilution and the upcoming retirement of its CFO. Hochschild Mining, a precious metals company, is projected to become profitable within three years, with earnings growth outpacing the UK market average. Playtech, a technology firm specializing in gambling software, reported a substantial increase in earnings and is expected to continue outpacing the market.
Management Changes
growth-positive
UK Growth Companies With At Least 12% Insider Ownership
The article discusses the growth potential of three UK companies with high insider ownership: Property Franchise Group, Hochschild Mining, and Playtech. Property Franchise Group, a real estate company, is expected to see significant revenue and earnings growth. Hochschild Mining, a precious metals company, is planning strategic mergers and acquisitions in Latin America despite recent financial struggles. Playtech, a global technology company specializing in gambling software, is trading below its estimated fair value but has shown robust earnings growth and is expected to see a further increase.
Management Changes
growth-positive
UK Growth Companies With High Insider Ownership In June 2024
The article discusses the growth prospects of several UK companies with high insider ownership. These companies include Plant Health Care, Petrofac, Getech Group, Gulf Keystone Petroleum, Integrated Diagnostics Holdings, Spectra Systems, LSL Property Services, Velocity Composites, TEAM, Afentra, Property Franchise Group, Hochschild Mining, and Playtech. The companies are expected to outpace the UK market in terms of revenue and earnings growth. The article also provides a detailed analysis of the operations, insider ownership, and earnings growth forecast of Property Franchise Group, Hochschild Mining, and Playtech.
Investment
growth-positive
Exploring Three UK Growth Companies With High Insider Ownership On The Exchange
The article discusses the growth potential of three UK-based companies with high insider ownership - Property Franchise Group, Hochschild Mining, and Playtech. Property Franchise Group, a real estate firm, is expected to see a 44.7% annual increase in revenue. Hochschild Mining, involved in the exploration and sale of gold and silver, is expected to become profitable within three years with a forecasted annual revenue growth of 8.4%. Playtech, a global technology company specializing in gambling software, reported a substantial increase in earnings with net income rising to €105.1 million from €87.6 million year-over-year.
Management Changes
growth-positive
UK Growth Companies With High Insider Ownership To Watch In June 2024
The article discusses three UK-based companies - Craneware, Property Franchise Group, and Playtech - that show strong growth potential and high insider ownership. Craneware, a healthcare software company, is expected to see its earnings increase by 28.52% annually over the next three years. Property Franchise Group, a real estate company, reported a slight year-over-year increase in sales and net income for 2023, and is expected to see annual earnings growth of 36.71%. Playtech, a gaming software development company, is trading at 55.1% below its estimated fair value, and its earnings are projected to grow by 21.46% annually over the next three years.
Investment
growth-positive
At UK£4.81, Is Playtech plc (LON:PTEC) Worth Looking At Closely?
Playtech plcs stock has seen substantial price movement on the LSE over the last few months. Despite this, the companys current trading price is still considered a bargain according to a price multiple model, which compares the companys price-to-earnings ratio to the industry average. Playtechs ratio of 16.35x is below its peer average of 22.04x, indicating the stock is trading at a lower price compared to the Hospitality industry. The companys future also looks bright with profit expected to more than double over the next couple of years.
Investment
growth-positive
UK Growth Companies With High Insider Ownership To Watch In May 2024
The article discusses the growth of companies with high insider ownership in the UK, focusing on Mortgage Advice Bureau (Holdings), IWG, and Playtech. Mortgage Advice Bureau (Holdings) has shown solid growth with earnings increasing by 10.1% over the past year and an expected annual profit growth rate of 19.3%. IWG has shown modest revenue growth and completed a share buyback program. Playtech, despite a slower revenue growth rate of 4.4% per year, is set to expand earnings by 20.5% annually. The article suggests that these companies may be good investment opportunities.
Management ChangesInvestment
growth-positive
Playtech plc's (LON:PTEC) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Playtechs stock has risen by 5.5% over the past three months, possibly due to the companys financials. The companys Return on Equity (ROE) is 5.8%, which is slightly below the industry average of 7.2%. However, Playtechs net income growth over the past five years has been a moderate 16%, which is significantly higher than the industry average growth of 6.2%. The company does not pay regular dividends, meaning all its profits are reinvested in the business, contributing to its high earnings growth. Analysts predict that the companys earnings will continue to gain momentum.
Investment
Growth-Positive
Playtech Full Year 2023 Earnings: EPS Misses Expectations
Playtech has reported its full year 2023 results, showing a revenue of €1.71 billion, up 6.5% from FY 2022. The companys net income also increased by 159% to €105.1 million, and its profit margin rose from 2.5% in FY 2022 to 6.2%. However, Playtechs earnings per share (EPS) missed analyst estimates by 30%. Looking ahead, the companys revenue is forecast to grow 4.0% per annum on average over the next three years.
growth-negative
Does This Valuation Of Playtech plc (LON:PTEC) Imply Investors Are Overpaying?
The projected fair value for Playtech plc is estimated to be UK£3.62 based on a 2 Stage Free Cash Flow to Equity model. However, the current share price of UK£4.72 suggests that the company might be overvalued by 30%. The €7.06 analyst price target for Playtech is 95% more than the estimate of fair value. The valuation was done using the Discounted Cash Flow (DCF) model, which is just one valuation metric among many, and it is not without flaws. The DCF does not consider the possible cyclicality of an industry, or a companys future capital requirements, so it does not give a full picture of a companys potential performance.
Investment
growth-positive
Playtech and 10bet's partnership expands into the Swedish Market
Playtech has expanded its partnership with online gaming brand 10bet, launching its sportsbook in Sweden. The sportsbook provides real-time news, stats, and analysis, enhancing the customer experience. The partnership has led to a significant increase in monthly turnover for 10bet. The success of this partnership highlights the growing popularity of sports betting in the UK and Sweden.
PartnersExpand
growth-positive
Several Insiders Invested In Playtech Flagging Positive News
Insiders at Playtech plc have been buying shares in the company, with the largest purchase made by CEO & Executive Director Moran Weizer, who bought UK£275k worth of shares. Over the last year, insiders have bought 64.43k shares worth UK£380k and sold 17.50k shares for UK£92k. The companys insiders own 14% of the company, worth about UK£176m. There have been no insider transactions in the last three months, but the transactions over the last year indicate that Playtech insiders are confident in the companys future.
Investment
growth-negative
Playtech plc's (LON:PTEC) recent 3.3% pullback adds to one-year year losses, institutional owners may take drastic measures
Playtechs stock price is sensitive to institutional ownership, with the top 14 shareholders owning 52% of the company. The companys market cap fell to UK£1.2b last week after a 3.3% drop in the share price, impacting institutional investors the most. If the decline continues, institutional investors may be pressured to sell Playtech which might hurt individual investors. The largest shareholder is Albula Investments Fund Ltd, with 5.5% of shares outstanding. The second and third largest shareholders are Setanta Asset Management Limited and TT Bond Partners, Asset Management Arm, each with 5.0% of shares.
Investment
Growth-Negative
Playtech (LON:PTEC) shareholders have endured a 23% loss from investing in the stock a year ago
Playtech plcs shareholders have experienced a 23% decline in share price over the last year, significantly underperforming the markets 0.7% decline. The companys earnings per share also dropped below zero during the last year, which is considered a negative. However, insiders have made significant purchases in the last year. Despite the poor performance over the last year, the share price is up 16% in three years.
growth-positive
Should You Investigate Playtech plc (LON:PTEC) At UK£4.20?
Playtech plc, a lesser-known stock, has seen a decent share price growth in the teens level on the London Stock Exchange over the last few months. Analysts believe that any price-sensitive announcements have already been factored into the stock’s share price. However, the stock may still be trading at a relatively cheap price. The intrinsic value for the stock is £6.89, but it is currently trading at UK£4.20 on the share market, indicating a potential opportunity to buy. Playtechs revenue growth is expected to be in the teens in the upcoming years, indicating a solid future.
Investment
growth-positive
Is There An Opportunity With Playtech plc's (LON:PTEC) 42% Undervaluation?
Playtechs fair value estimate is UK£6.73, which is 42% undervalued based on the current share price of UK£3.91. This estimate is 15% lower than Playtechs analyst price target of €7.88. The valuation was calculated using the 2 Stage Free Cash Flow to Equity model, which estimates the companys future cash flows and discounts them to their present value. The model suggests that the company appears quite undervalued at a 42% discount to where the stock price trades currently.
Investment
growth-positive
Edited Transcript of PTEC.L earnings conference call or presentation 22-Sep-22 8:00am GMT
Playtech PLC reported strong H1 2022 results, with record revenues and an adjusted EBITDA of EUR 204 million. The performance was driven by the Americas and Europe within the B2B division and Snaitech, which has evolved into a higher-margin, higher-quality business. The company also announced a medium-term EBITDA target of EUR 300 million to EUR 350 million for Snaitech. Playtech has signed several new deals with operators, including WynnBET, Golden Nugget, Resorts, 888 and NorthStar, and is now licensed in six states in the U.S. and Ontario in Canada. The company is also expanding its Live Casino business and has added 50 new brands to its SaaS platform.
CustomersPartnersExpand
Growth-Positive
Playtech Reports Jump in HY Core Profit
Playtech Plc reported a 64% increase in adjusted core profit in H1, largely due to the strength of its B2B operations and its Italian unit, Snaitech. The companys earnings before interest, tax, depreciation and amortization rose to €203.8M, surpassing previous expectations. Revenue also grew by 73% to €792.3M. The reopening of retail sites following pandemic restrictions led to a 154% surge in core income at Snaitech to €131.7M. However, the company warned of potential economic disruptions due to the war in Ukraine and inflation.
Customers
Playtech finalizes launch of single wallet project with Buzz Bingo - iGaming Brazil
growth-negative
Playtech says no longer pursuing SPAC deal for unit of peer Caliente
UK-based gambling software provider Playtech has halted discussions with Caliente Interactive about the potential public listing of Calientes unit Caliplay in the US via a SPAC deal, due to poor capital market conditions. Playtech, which currently receives a fee for the software and services it provides to Caliplay, is exploring other options. This comes after Hong Kong-based investment and advisory firm TTB Partners withdrew a takeover bid for Playtech earlier this month, citing challenging market conditions.
Public TradingAcquisition
growth-positive
Playtech and 888 expand partnership and sign a multi-state agreement in the U.S. for Live Casino and Casino
Playtech has signed a new multi-state agreement with 888 Holdings to provide Live Casino and RNG games to 888casino in the U.S. This partnership is part of both companies strategic expansion into the U.S. market and will enhance 888casinos offering. Playtechs Chief Operating Officer, Shimon Akad, expressed excitement about the expansion and the opportunity to diversify their offering in the U.S. market. Howard Mittman, President of 888 US, stated that the agreement will enhance the overall player experience and support their content and product leadership strategy. The partnership aims to deliver the best online entertainment experience to the U.S. audience.
Partners
UPDATE 2-Playtech shares tumble after investor drops takeover plan
Form 8.3 - Playtech plc
growth-negative
Suitor TTB walks away from potential Playtech bid
Hong Kong-based financier TTB has decided not to make a bid for Playtech due to challenging market conditions. TTB had previously advised Gopher Investments on a bid, but Gopher abandoned its plans in November. Australias Aristocrat Leisure also tabled a bid, but it was defeated by a group of shareholders. Playtechs CEO and former boss, along with TTB, expressed disappointment that the proposed involvement did not lead to a formal offer. Playtechs chairman stated that the board will continue to consider options to maximize value for shareholders.
Investment
growth-positive
Form 8.3 - PTEC LN
Sand Grove Capital Management LLP has disclosed that it owns 2.35% of Playtech plcs securities, representing over 7 million shares. The disclosure was made as per Rule 8.3 of the Takeover Code, which requires any person with interests in relevant securities representing 1% or more to make a public opening position disclosure. The disclosure also revealed that Sand Grove Capital Management had recently purchased an additional 850,000 shares of Playtech at a price of 547.00 per unit.
Investment
growth-positive
Aristocrat agrees terms on £2.7bn Playtech acquisition
Aristocrat, an Australian slot machine manufacturer, has agreed to acquire Playtech in a deal worth approximately £2.7bn. The acquisition will provide Aristocrat with material scale in the igaming and online sports betting segments, particularly in the North America online real-money gambling market. The combined business will operate in 30 regulated jurisdictions with 170 global licensees. The deal is expected to deliver attractive financial returns and boost the combined business share price. The acquisition is subject to regulatory approvals and is expected to close in the second quarter of 2022. Aristocrat intends to fund the acquisition through a combination of existing cash resources, new debt facilities, and an equity offering of Aristocrat ordinary shares.
Acquisition
growth-negative
Playtech in talks to shed $200m Finalto to consortium - CasinoBeats
Playtech is in exclusive discussions with a consortium regarding the potential $200m sale of its Finalto financial services division. The consortium comprises Barinboim Group, Leumi Partners Limited, The Phoenix Insurance Company Limited, and Menora Mivtachim Insurance Limited. Playtech aims to simplify its business and dispose of non-core assets. The cash offer from the consortium is worth up to $200m, with $170m payable on completion. Playtech has also divested its casual and social gaming assets through the $10m sale of YoYo Games.
Acquisition
growth-negative
Playtech selling its financial division TradeTech for $200-250 million
Playtech PLC, the financial division of Playtech PLC, is reportedly being sold by its founder Teddy Sagi. The company has hired UBS Investment Bank to sell TradeTech, with an initial bid expected to be between $200 million to $250 million. Several parties and groups, including an Israeli group combining Fortissimo Capital and Zvika Barenboim, have shown interest in the company. If the deal goes through, 40% of TradeTech will be held by institutional bodies, while Fortissimo and Barenboim will control the remaining 60%. The sale of TradeTech would be the largest deal in Fortissimos history. Playtech is currently traded on the London Stock Exchange with a valuation of $1.5 billion. TradeTech has experienced a boost in revenue due to the COVID-19 pandemic.
InvestmentAcquisition
growth-positive
Playtech Launches Casino Content with bet365 in New Jersey
Playtech has launched its casino content in New Jersey with its partner bet365. This marks Playtechs entry into the U.S. gambling market. The launch was facilitated by a transactional waiver granted by the New Jersey Division of Gaming Enforcement. Playtech plans to sign more partners in New Jersey in the future. The company sees the U.S. market as a strategic location. Playtechs Chief Operating Officer stated that the entry into the New Jersey market is a significant moment for the company. bet365 is the first to launch Playtechs content in the U.S. market and is looking forward to developing a solid partnership. In addition to the partnership with bet365, bet365 also signed a strategic partnership with Century Casinos in Colorado.
Partners
growth-positive
JP Morgan takes up 6.4% position in Playtech
JP Morgan has acquired a 6.41% stake in Playtech PLC through cash-settled equity swaps and a convertible bond. Playtech has seen multiple institutional investors acquire 3%+ interests in the company as its share price has decreased. Playtech founder Teddy Sagi has sold down his stake to just 6%.
Investment
growth-positive
Playtech Wins Contract with Polish National Lottery Provider
Playtech has won an exclusive contract with Poland’s national lottery provider Totalizator Sportowy to supply its online casino platform, game portfolio, and related services. The contract is in line with Playtechs strategy to partner with leading land-based brands and institutions in newly regulated online markets. Playtech, founded in 1999, is the worlds largest provider of online gambling services and reported revenues of €421.6 million for the first half of 2017. The launch date of Playtechs services in Poland has not been announced.
PartnersCustomers
growth-positive
Playtech beefs up financial division with $150m Alpha deal
Playtech, the online gambling and investment trading company, has acquired UK-based brokerage firm Alpha for an initial payment of $5m. The acquisition could rise to $150m depending on performance. Alphas proprietary technology will allow Playtech to offer a greater range of products and services to its professional clients. The acquisition will also expand Playtechs financials division, which will be renamed TradeTech Group. Playtech aims to build its financials business and serve high net-worth traders through a dedicated brand called MarketsPro. The deal is expected to be completed by September 30. Playtechs previous attempts at acquisitions in the spread betting industry were blocked by regulators.
PartnersExpand
growth-negative
Teddy Sagi sells Playtech shares for $139m
Billionaire Teddy Sagi is selling shares in Playtech Ltd. to diversify his business in real estate, shared workspaces, fintech, and ecommerce. The company completed a fourth offer for sale, with Sagi selling shares for £113 million. This leaves him with a 17.8% stake in the company. Sagi has sold shares for a total of $1.4 billion since Playtechs IPO in 2006, and his wealth from the company is over $2 billion. Playtechs current market cap is $3.5 billion. Sagi plans to develop the groups real estate portfolio in London and lead the shared workspaces revolution.
Expand
growth-positive
Playtech Buys Online Bingo Specialist Eyecon for £50m Finance Magnates
Playtech has announced the acquisition of Eyecon, a specialist supplier of online gaming slots software, for a maximum total consideration of £50 million. Eyecon focuses on bingo and has a portfolio of over 70 games. The acquisition will strengthen Playtechs Virtue Fusion offering and provide greater penetration and reach in key gaming markets. Eyecons founder, Scott Murray, will remain with the business for at least three years. Playtech aims to integrate Eyecons games and software with its distribution power to penetrate new markets and bring additional regulated revenues.
Acquisition
growth-positive
Playtech buys online finance co CFH for $120m
Playtech Cyprus Ltd. has acquired CFH Clearing for up to $120 million in an effort to expand its financial activity. CFH Clearing is a UK company that provides B2B liquidity solutions to brokers. The acquisition will be made in two stages, with Playtech paying $43.4 million for 70% of CFH Clearings share capital in the first stage. The remaining 30% will be acquired for no more than $76.6 million in the second stage. CFH Clearing has about 100 employees and serves over 400 clients in 80 countries. Playtechs financial activity has been struggling, with a 28% annual slump in revenue. The acquisition of CFH Clearing is expected to boost Playtechs financial activity.
Acquisition
growth-positive
Playtech launches first virtual title with Coral
Playtech has launched its first virtual sports retail product with UK bookmaker Coral. The Virtual Sports Football Accumulator will be rolled out in 100 Coral shops across the UK, with the potential to expand this to 1,000 sites in the next 12 months. This launch is a growth-positive move for Playtech. The key theme of the article is the introduction of Playtechs virtual sports retail product. The key issues discussed are partners and expansion. The article does not mention any specific investors or acquisition amounts. The date of the event described in the article is not provided. My confidence in this answer is 8/10.
PartnersExpand
growth-positive
Playtech Purchases 90 Percent of Best Gaming Technology
Playtech has acquired a 90 percent stake in Best Gaming Technology for €138 million. Best Gaming Technology provides sports betting software and has clients such as Ladbrokes, Paddy Power Betfair, and William Hill. The acquisition will enhance Playtechs omni-channel product and allow for a true omni-channel offering for consumers and operators. Playtech has been investing heavily in recent years, with acquisitions and the launch of a sports betting app for the Apple Watch. The company had to pull out of previous deals due to regulatory opposition. Playtech owns the iPoker Network, the fifth-largest online poker network in the world.
AcquisitionPartners
growth-positive
Playtech buys Best Gaming Technology for €138m
Playtech plc, controlled by Teddy Sagi, has acquired a 90% stake in Austrian rival Best Gaming Technology (BGT) for �138 million in cash. BGT provides software solutions for sports betting and will enhance Playtech�s omni-channel offering and drive digitalization of retail clients. Playtech CEO Mor Weizer stated that BGT is the leading provider of sports betting software and solutions for gaming and sports betting operators. The acquisition is expected to contribute to the growth of Playtech.
Acquisition
growth-positive
Playtech buys Swedish co Quickspin for $55m
Playtech, the online gambling platform controlled by Teddy Sagi, has acquired Swedish gaming studio Quickspin for $55.7 million. The acquisition will boost Playtechs games offerings and mobile content, providing them with a proven virtual slot machine games portfolio. Playtech CEO, Mor Weizer, stated that Quickspin is a fast-growing and leading supplier of high-quality games, strengthening Playtechs position in the industry. Playtech is also in discussions for other acquisitions in the gaming and financials divisions. Additionally, Playtechs Israeli subsidiary, Xwise, is laying off 150-200 employees. Playtech has a market cap of $3.9 billion.
AcquisitionLayoffs
growth-negative
Playtech looking at OpenBet acquisition after being spurned by Plus500 and AvaTrade
Playtech is reportedly considering the acquisition of rival OpenBet, a software platform provider for online sports betting, casino games, and lotteries. OpenBet is owned by Vitruvian Partners and is being sold for a price in the range of £300 million ($430 million). If Playtech acquires OpenBet, it may have to delay its expansion plans in the retail forex sector. Playtech has a significant amount of cash available for acquisitions, but integrating OpenBet into its core business would require time and management attention. Playtechs opportunities for M&A in the forex space may be limited to companies outside the UK and Ireland due to regulatory restrictions. Playtechs current entrant in retail forex, Markets.com, is based in Cyprus and regulated by CySEC.
Acquisition
growth-positive
Playtech eyes $427m OpenBet acquisition
Online gambling platform technology company Playtech plc, controlled by Teddy Sagi, is competing with bookmakers William Hill and Paddy Power for the purchase of UK gambling software company OpenBet. OpenBets owner, Vitruvian Private Equity, is asking for $427 million. Acquiring OpenBet would provide major leverage for Playtechs online sports gambling operations. However, Sagi wants an upside of a multiple of 12 to 13 on any acquisition, meaning he is unlikely to be prepared to pay more than $284 million for OpenBet.
Acquisition
growth-positive
Playtech prepares poker client revamp following iPoker tier merger - Gaming Intelligence
Playtech has completed the merger of the upper and lower tiers of its iPoker network as part of its overhaul. The company plans to launch a new poker client by the end of the year. The two-tiered system introduced in 2012 is no longer necessary, and Playtech has been developing an algorithm to assess player valuation. This move is expected to have a positive impact on the companys growth. The article does not mention any specific partners, customers, valuation amount, layoffs, or investment amount. The date of the event described in the article is not provided.
Management Changes
growth-positive
Playtech buys Yoyo Games for $21.7m
Playtech Cyprus Ltd. has acquired Yoyo Games for up to $21.7 million in cash. Yoyo Games has developed GameMaker: Studio, a platform for casual game developers. The acquisition is part of Playtechs strategy to enter the casual games niche.
Acquisition
Playtech Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 3568 |
| Team members | 3 |
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Admin Info
| Confidence | 91/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Crunchbase | playtech |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2024-03-14T00:00:00.000Z |
| Created | 2014-08-11T00:00:00.000Z |
| Status detail | Public on LSE on Apr, 2006<br> |