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    PTEC   IM00B7S9G985

PLAYTECH PLC

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Playtech : New Live Casino and RNG partnership with 888

02/18/2021 | 06:09am EDT

London, 18 February 2021 - Playtech, the world's leading gambling technology company, is pleased to announce a new partnership with 888 (LSE: 888), one of the world's leading online betting and gaming companies, which will see 888casino host a range of the supplier's innovative Live Casino and random number generator (RNG) games on its platform. This partnership will add to 888's premium content offering and strengthen its position as a market leader in online casino games.

In addition, the partnership will see Playtech host a bespoke 888 branded studio in its state-of-the-art Live Casino in Riga, Latvia. 888's studio will feature a range of leading live casino games and exclusive content from Playtech, including Quantum Roulette and Blackjack, Live Slots, Spin a Win and the newly launched Adventures Beyond Wonderland.

Guy Cohen, SVP, Head of B2C at 888, commented: 'At 888, we are constantly looking for partnerships that strengthen our product offering and I believe Playtech's Live Casino and RNG content will do exactly that. The new games will expand upon our existing suite of games to provide new, exciting, and engaging gaming experiences within a safe and secure environment. I look forward to welcoming Playtech's content onto 888casino and growing our partnership together.'

Edo Haitin, CEO of Live Casino at Playtech, said: '888's significant investment in, and commitment to, the Live Casino vertical demonstrates just how important an entertainment-led experience is becoming for the modern player. Our partnership comes at a time when we are launching more new games and variants than ever. We're delighted to be working with a market leader like 888 to deliver an exciting, innovative Live and RNG offering for their players.'

Yori Arami, Commercial Director at Playtech, added: 'The new RNG content agreement means 888 will have access to Playtech's substantial range of new and innovative online casino games, coming from its strong line-up of game studios. This will include access to Playtech's branded content including titles such as the Sporting Legends Suite and the recently launched Rubik's® Cube, all powered by the industry's most popular progressive jackpots. We look forward to continuing the successful partnership across many markets over the coming years.'

About 888 Holdings Plc

888 Holdings plc (and together with its subsidiaries, '888' or the 'Group') is one of the world's leading online betting and gaming companies. 888 listed on the on the Main market of the London Stock Exchange in 1997. 888's mission is to supply its customers with innovative and market-leading online betting and gaming products, above all in a safe and secure environment. Safer gambling is a core focus for the Group and, at the beginning of 2020, 888 launched its 'Safer. Better. Together' safer gambling strategy and commitments.

888 has been at the forefront of the online gaming industry since foundation in 1997, leveraging its proprietary technology to provide to players and B2B partners an innovative and world-class online gaming experience.
During 2019 888 was named Casino Operator of the Year at the prestigious EGR industry awards and, in 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as winner in the Casino Operator of the Year category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.

The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.

888's consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.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, Finalto, is a technology leader in the CFD and financial trading industry and operates both on a B2B basis and B2C.

Playtech has in total c.6,400 employees across 24 countries.

Disclaimer

Playtech plc published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 11:08:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 1 166 M 1 366 M 1 366 M
Net income 2021 9,90 M 11,6 M 11,6 M
Net Debt 2021 606 M 710 M 710 M
P/E ratio 2021 74,4x
Yield 2021 -
Capitalization 1 558 M 1 826 M 1 825 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,47x
Nbr of Employees 6 400
Free-Float 91,4%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 5,22 €
Average target price 6,06 €
Spread / Average Target 16,0%
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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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