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    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 11/29 06:03:43 am
739.5 GBX   +0.48%
11/19Playtech investor Gopher pulls out of potential takeover battle
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11/19Gopher Cancels Playtech Takeover Plans
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Australia's Aristocrat Leisure makes $2.9 billion bet on online gambling provider Playtech

10/18/2021 | 04:43am EST

(Reuters) -Australia's Aristocrat Leisure said on Monday it would buy London-listed gaming software supplier Playtech for 2.1 billion pounds ($2.89 billion), offering new growth areas for the gambling machine maker including real money gaming.

Playtech shares soared 57% to a three-year high and were trading 6.5 pence short of the offer price of 680 pence per share. Aristocrat Leisure shares are on a trading halt until Oct. 21.

A shift to online betting amid the pandemic has prompted consolidation in the industry, with UK-based Entain being approached by U.S. fantasy sports company DraftKings last month.

Australia-listed Tabcorp Holdings also received multiple bids earlier this year for its wagering unit.

Separately, Playtech said its largest shareholder with a stake of about 21% had backed the offer. The company also added that it would recommend stakeholders vote in favour of the deal as the combined group would be well-placed in a sector going digital.

"The business will be ideally positioned to unlock sustainable shareholder value by seizing opportunities in the fast-growing global online RMG segment as they continue to open up, particularly in North America," Aristocrat Chief Executive Officer Trevor Croker said.

The Australian company said it would fund the deal with a A$1.3 billion ($964.21 million) equity raising, alongside new debt and existing cash. It expected a boost to earnings from the first year of closing the deal.

($1 = 0.7273 pounds)

($1 = 1.3483 Australian dollars)

(Reporting by Anushka Trivedi and Harish Sridharan in Bengaluru; Editing by Peter Cooney, Diane Craft and Anil D'Silva)


ę Reuters 2021
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Analyst Recommendations on PLAYTECH PLC
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Financials
Sales 2021 1 158 M 1 306 M 1 306 M
Net income 2021 8,27 M 9,32 M 9,32 M
Net Debt 2021 572 M 645 M 645 M
P/E ratio 2021 196x
Yield 2021 0,29%
Capitalization 2 584 M 2 922 M 2 914 M
EV / Sales 2021 2,73x
EV / Sales 2022 2,24x
Nbr of Employees 7 000
Free-Float 67,4%
Chart PLAYTECH PLC
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Playtech plc Technical Analysis Chart | PTEC | IM00B7S9G985 | MarketScreener
Technical analysis trends PLAYTECH PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 8,67 €
Average target price 7,24 €
Spread / Average Target -16,5%
EPS Revisions
Managers and Directors
Moran Weizer Chief Executive Officer & Executive Director
Andrew James Smith Chief Financial Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Shimon Akad Chief Operating Officer
Ian Ince Global Head-Regulatory Affairs & Compliance
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