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    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
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08/18Playtech Announces Updates on General Meeting and Finalto
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Playtech : extends Fortuna partnership with launch in Croatia

07/06/2021 | 04:18am EDT

London, 6 July 2021 - Playtech, the world's leading gambling technology company, today announces it has, together with Fortuna Entertainment Group, successfully migrated their PSK brand in Croatia onto the FEG unified platform using the Playtech IMS and PAM, marking the culmination of a multi-year project, migrating six Fortuna brands in five countries to a unified, scalable, omni-channel and multi-product platform.

Fortuna Entertainment Group has grown into Central and Eastern Europe's leading betting and gaming operator, with significant growth across its brands in each of its core markets since going live with Playtech in August 2016.

Shimon Akad, Chief Operating Officer at Playtech, said: 'Fortuna Entertainment Group is a key strategic partner for Playtech, and we have continued to be impressed by its significant growth trajectory as it firmly establishes itself as the leading betting and gaming operator in Central and Eastern Europe. Our multi-product and omni-channel capabilities, combined with multi-market partnership has proven the strength and stability of Playtech's IMS platform, and we look forward to building on our excellent working relationship with FEG.'

Per Widerstrom, CEO at Fortuna Entertainment Group, added: 'We are delighted to launch our PSK.hr brand in Croatia on FEG's unified platform, using Playtech's industry leading IMS account and wallet solution. The success of our strategic partnership with Playtech over the last five years is testament to the strength of our omni-channel offering in Central and Eastern Europe, and we look forward to watching this partnership continue to grow from strength to strength.'

- Ends -

About Fortuna

Fortuna Entertainment Group is a leading omni-channel betting and gaming operator in Central and Eastern Europe. FEG started in the Czech Republic and, through passion and expertise, have become a truly international operator. FEG's footprint now extends to the Slovakian, Polish, Romanian, and Croatian markets.

FEG's vision to continue to grow and to become a leading licensed omni-channel betting and gaming operator in Europe with the most trusted and exciting brands

Fortuna Entertainment Group's goal is to offer the widest variety of online and offline betting and gaming products. FEG brands bring more fun and excitement to the game, however that may be, in retail shops, on a laptop, or on a phone - and always striving for seamless omni-channel experience for all customers.

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a market leader in the gambling and financial trading industries with c.6,400 employees across 24 countries.

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. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy.

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

www.playtech.com

For further information please contact:

Playtech plc

Virginia Knox-Walker, Senior PR and Communications Manager

Headland Consultancy

Tom James, Jack Gault

44 (0)20 3805 4822

Disclaimer

Playtech plc published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 08:17:02 UTC.


ę Publicnow 2021
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Financials
Sales 2021 1 195 M 1 402 M 1 402 M
Net income 2021 9,37 M 11,0 M 11,0 M
Net Debt 2021 558 M 654 M 654 M
P/E ratio 2021 104x
Yield 2021 0,73%
Capitalization 1 503 M 1 761 M 1 763 M
EV / Sales 2021 1,72x
EV / Sales 2022 1,44x
Nbr of Employees 6 400
Free-Float 91,4%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 5,05 €
Average target price 6,01 €
Spread / Average Target 19,0%
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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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