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

PLAYTECH

(PTEC)
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Playtech : Live launches market-first L...

10/19/2020 | 04:55am EST

London, 12 October 2020 - Playtech, the world's leading gambling technology company, has brought its famous Age of the Gods progressive jackpot to Live Casino in Italy - making the company the first provider to offer Live Jackpot games in this key market.

Players will have the chance to win one of four progressive Age of the Gods jackpots on any spin - even a losing spin - via a mystery trigger when playing Age of the Gods Bonus Roulette or the Age of the Gods: God of Storms Live slot.

Bonus Roulette combines classic roulette play with a new themed bonus game. If a player successfully bets on the bonus position, this triggers a single line slot game featuring Age of the Gods characters, each representing a multiplier. Three matching symbols grants a multiplier of between 5 and 100x.

For slots fans, Live Slots offers a unique collective experience with 'community spins', where all participating players play a single game together. Featuring the evergreen God of Storms slot, a live studio-based host leads the game and provides commentary, designed to create a game show feel and bring slot play to life in a totally new way. Live Slots also support Free Spins bonusing - the first game in the live arena to do so.

Edo Haitin, Managing Director at Playtech Live Casino, comments: 'Everyone at Playtech Live is very proud to be offering a market-first Live Jackpot in Italy, reinforcing our position as a leading and innovative Live Casino supplier in this region. Italy is still the most valuable gambling market in Europe, so it's vital for us to be aligning our Live offering with other key territories, providing the best possible experience for players. Bringing the ever-popular and award-winning Age of the Gods brand to Live Casino will also create fantastic cross-sell opportunities for local operators keen to build on the success of the slots series.

'We're already seeing a fantastic reaction to both Bonus Roulette and God of Storms Live, with thousands of unique players enjoying the games during their first week of availability. This launch is a major milestone for Playtech in Italy, and demonstrates our commitment to creating a peerless experience for our partners in the region and their players.'

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 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 08:54:01 UTC


© Publicnow 2020
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Financials
Sales 2020 1 279 M 1 521 M 1 521 M
Net income 2020 19,2 M 22,8 M 22,8 M
Net Debt 2020 710 M 845 M 845 M
P/E ratio 2020 67,2x
Yield 2020 -
Capitalization 1 195 M 1 421 M 1 421 M
EV / Sales 2020 1,49x
EV / Sales 2021 1,19x
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 4,02 €
Last Close Price 4,15 €
Spread / Highest target 18,2%
Spread / Average Target -3,30%
Spread / Lowest Target -22,4%
EPS Revisions
Managers
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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