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

PLAYTECH

(PTEC)
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Playtech : Casino and Live Casino now live with Casumo

11/30/2020 | 05:49am EST

London, 30 November 2020 - Playtech, the world's leading gambling technology company, today announces a new partnership with Casumo to launch its award-winning Casino and Live Casino software in Sweden, Denmark, Spain and the UK.

Starting with the Casumo brand, Playtech software will subsequently be rolled out across the wider Casumo brand portfolio with Dunder, Kazoom Casino and CasinoSecret to follow in early 2021.

Casumo is a pioneer in the online gambling industry and is a true 'entertainment-first' operator. Its approach centers on delivering the best experience possible through its unique brand and innovative gamification features. Casumo's UK players will enjoy Playtech's industry leading Casino suite through a dedicated tab, including access to Playtech's full lineup of branded content including titles such as Justice League and the Sporting Legends Suite, all powered by the industry's most popular progressive jackpots.
In addition to the Playtech Casino suite, Casumo will be integrating Playtech's premium Live Casino and table games portfolio, including Live Quantum Roulette and Blackjack, Spin a Win and many more.

Shelly Suter-Hadad, Chief Executive Officer of Casumo said: 'Having collaborated with Playtech for many years, I could not be more delighted to be a partner once again and deliver this new integration across our group of brands. We are looking forward to further developing this relationship over the coming years and working together to bring Playtech games to our players in a variety of established and emerging markets.'

Shimon Akad, Chief Operating Officer at Playtech said: 'We are thrilled that Casumo has chosen to partner with Playtech. Casumo is one of the most innovative operators in our industry and a key player in the new world of gaming. I am positive that Playtech content will be very popular with Casumo players and we look forward to developing this partnership further in the coming months and years.'

About Casumo

Founded in 2012 and headquartered in Malta, Casumo is an innovative, award-winning and mobile-first online gaming group, providing fun and safe casino and sportsbook products. Through innovation and excellence in technology and design, its growing portfolio of brands that includes Casumo, Dunder, Casino Secret and Kazoom Casino continues to disrupt the gaming industry.

www.casumo.com

www.dunder.com

www.casinosecret.com

www.kazoomcasino.com
About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.

Playtech is the gambling industry's leading technology company, delivering business intelligence-driven gambling software, services, content and platform technology across the industry's most popular product verticals, including casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data-driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. As of June 2018, through the acquisition of Snaitech, Playtech directly owns and operates the leading sports betting and gaming brand in online and retail in Italy, Snai. Snaitech operates a B2B2C model as a service provider, allowing franchisees to utilise the Playtech technology stack in the retail environment while operating the leading brand, Snai, directly online as a B2C business.

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.5,900 employees across 19 countries and is headquartered in the Isle of Man.

www.playtech.com

For further information please contact:

Playtech plc
James Newman, Director of Corporate affairs

Headland Consultancy
Tom James c/o Headland Consultancy
+44 (0)20 3805 4822

Disclaimer

Playtech plc published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 10:48:04 UTC


© Publicnow 2020
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Financials
Sales 2020 1 242 M 1 510 M 1 510 M
Net income 2020 27,4 M 33,3 M 33,3 M
Net Debt 2020 638 M 776 M 776 M
P/E ratio 2020 62,4x
Yield 2020 -
Capitalization 1 620 M 1 964 M 1 970 M
EV / Sales 2020 1,82x
EV / Sales 2021 1,57x
Nbr of Employees 6 400
Free-Float 96,3%
Chart PLAYTECH
Duration : Period :
Playtech Technical Analysis Chart | PTEC | IM00B7S9G985 | MarketScreener
Technical analysis trends PLAYTECH
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 5,26 €
Last Close Price 5,45 €
Spread / Highest target 18,9%
Spread / Average Target -3,42%
Spread / Lowest Target -18,8%
EPS Revisions
Managers and Directors
NameTitle
Moran Weizer Chief Executive Officer & Executive Director
Shimon Akad Chief Operating Officer
Andrew James Smith Chief Financial Officer & Executive Director
John E. Jackson Senior Independent Non-Executive Director
Claire Milne Independent Non-Executive Director
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