Playtech Share Discussion Threads

[longwell] 21/2/2017 12:41

creeping towards 9.00 , this one really moves quick when it rises, looking forward to Thursday and a really positive update and forward looking trading statement.

[longwell] 21/2/2017 07:41

looking to 9.40 on results day, have held for a few years now but not made ant real impact on my portfolio, love their business model but it never seems to truly reflect in the price. perhaps if they listed separately some of their parts it would drive more value.

[joeywald] 20/2/2017 16:33

TEB :) See my post 1961!

[trentendboy] 20/2/2017 15:41

Price now 888Surely cannot be a concidence

[nod] 18/2/2017 18:59

PTEC is in the strongest financial position of any company in the sector. They can pick off the cream of the crop to increase revenue from day one and remove competition.

[shaker44] 18/2/2017 14:46

Yes. Playtech is the gorilla in the room. Very skilled at integrating acquisitions in a way that is earnings accretive year one. Generates lots of cash. Great management team. Imo

[mozy123] 18/2/2017 13:59

Great write up and cheers for posting. Have a small interest relative to my portfolio. Appears a very fragmented industry, with lots of competitors. Without doubt PTEC has a great share of the market but I was shocked by the 500 exhibitors number - must be all biting at PTEC market leading position. Do we have enough cash to continue batting them away? I dont pretend to fully understand this market.

[friendofslippery] 16/2/2017 18:03

Yeah good post. Seems like there will be a never ending supply of potentisl aquisitions.

[shaker44] 16/2/2017 17:57

great post. Thank you

[trentendboy] 16/2/2017 16:37

The Playtech board discusses between the and five potential acquisition opportunities every time it meets, according to a note from analysts at Morgan Stanley who met up with the company at ICE this week.

Playtech announced its latest bout of M&A activity on the morning of the first day of the exhibition at the ExCel in London this week when it said it had bought up the bingo games supplier Eyecon for £50m.

In meeting up with the company, the M Stanley team pointed out that with circa €400m of excess cash sitting on the balance sheet as of the end of 2016 and with further strong cash generation expected for the years ahead, the company had scope for further activity.

“Management said it continues to prefer acquisitions over buybacks, and consider the recent €50m of share purchases as an appropriate signal of confidence to the market without affecting capacity for M&A,” the analysts wrote.

They added that the news about the regular board discussions of M&A prospects and targets “underlines both the seriousness of this commitment and the size of the opportunity set in a fragmented industry.” Playtech told M Stanley there was no preference for deals in the gaming vertical or financials.

After visiting the ICE Totally Gaming show the analysts noted that the mood from the show was upbeat, adding that the optimism was displayed by the show's key metrics. The number of exhibitors was up to 500 this year, taking up a total of 41,000 square metres. Three-quarters of the space was taken up by interactive suppliers and of these the Morgan Stanley team noted that 180 were offering sports-betting infrastructure supply including odds, risk management and data feeds. They noted this was up from 141 in 2016 and just 40 two years' ago.

“This suggests barriers to entry in the sports betting industry continue to fall, with many of those suppliers offering full turnkey solutions,” the note added.

The team also took soundings from suppliers of fixed odds betting terminals in the UK regarding the upcoming triennial review and its likely impact. The general impression, they suggested, was that there is still a huge degree of uncertainty with regard to timing and outcome. However, the consensus view was that an estimated cut to £20 maximum stake from £100 (the Morgan Stanley bear case for the high-street bookies) would amount to low double-digit impact on machine revenues. They added that this was better than existing market expectations.

Totally Gaming says: The relentless nature of the Playtech M&A hunt is demonstrated by these comments regarding the board-level discussions. There can be no doubt that more deals will be forthcoming across both gaming and financials. In the case of the first – and given the statistics regarding the rise on sports-betting infrastructure suppliers at ICE this week – it shows there is plenty of potential prey in that quarter.

[philo124] 08/2/2017 13:06

Yes, if ur Chinese.

[joeywald] 08/2/2017 12:57

Looked at the price 3 times today and each time it was exactly 888. Is this a sign? :)

[trentendboy] 07/2/2017 18:53

Nice. Fits my analysis

[philo124] 07/2/2017 13:38

Canaccord 1140p reiteration.

[slipperysidewinder] 07/2/2017 11:33

The new brokers are certainly doing their job!

[trentendboy] 07/2/2017 09:14

Nice little add on. By slowly capturing the best content providers and certainly the ones that PTEC are already paying, bringing it in house makes a lot of sense (and all white business).

The fragmented market is becoming a lot less fragmented - PTEC will be one of the big boys left standing with power to make good margins.

[slipperysidewinder] 07/2/2017 08:38

The divi from Plus is massive and will feed straight through to tge bottom line. It is also paid in dollars do will also benefit from conversion and go some way in addressing currency rate issues.

[slipperysidewinder] 07/2/2017 08:34

Looks like Playtech are going to receive some whopping dividends from Plus 500 this year looking at the Plus update today.Seems like a stellar 200 million investment income-wise.

[slipperysidewinder] 07/2/2017 07:10

Hmmm

Playtech keeping the pressure on I see.

[nod] 07/2/2017 07:04

A small add-on for PTECAcquisition of EyeconPlaytech (LSE: PTEC) today announces the acquisition of the entire issued share capital of Eyecon Limited and Eyecon Pty. Ltd (together "Eyecon"), a specialist supplier of online gaming slots software to an international customer base, for a maximum total consideration of GBP50 million.Eyecon was founded in Brisbane, Australia in 1997 and is a specialist software supplier with a particular focus on bingo audiences with an established games portfolio of over 70 games, including the industry-leading soft gaming slot 'Fluffy Favourites.' Eyecon has also developed its own Remote Gaming Server (RGS) which enables it to distribute its content direct to operators and via distributors, such as 888 Holdings plc and Virtue Fusion, Playtech's bingo network.Eyecon currently derives almost all its revenue from the UK market and in line with Playtech's acquisition strategy, almost all of Eyecon's revenues are fully regulated. The addition of Eyecon's content portfolio strengthens Playtech's position as the leading content provider in this key market. In addition, Eyecon's proprietary RGS and distribution network will strengthen the penetration of Playtech's Virtue Fusion offering.The maximum consideration of GBP50m (c. EUR 58m) comprises an initial payment of GBP25m (c. EUR 29m) on a cash free / debt free basis, representing a multiple of c.8x Eyecon's current run-rate EBITDA. An additional consideration of up to GBP25m is payable on an earn-out basis of six times Eyecon's EBITDA in the period to June 2019 (subject to certain adjustments) less the initial payment.In order to assist in retaining the knowledgeable and specialist Eyecon team, its founder Scott Murray, has committed to remain with the business for at least three years.

[trentendboy] 06/2/2017 12:44

Away to go to get back to the 950 mark but should be possible over the next few months

[shaker44] 06/2/2017 12:17

Yes. Sp movement out of the ordinary-to the +ve. New broker....
Summuts up

[slipperysidewinder] 06/2/2017 11:46

Anyone got the feeling somethings brewing?

[philo124] 05/2/2017 10:45

Thanks, sounds very interesting. If successful, should be able to replicate elsewhere.

[slipperysidewinder] 04/2/2017 09:09

Playtech opens world's largest live casino studio
1 February 2017

(PRESS RELEASE) -- Playtech has opened the world's largest next generation live casino studio in Riga, Latvia due to a huge surge in client demand.

Built on top of the city's fortified 16th century walls in the heart of Riga Old Town, the 8,500 square meter capacity studio dwarfs any existing live casino area in the market today.

The technology within the building is equally unmatched, with hundreds of state-of-the-art cameras to cater to hundreds more custom-made tables and gaming areas, an advanced control and monitoring center and large-scale dealer campus that will be used to train and develop all of Playtech Live's staff.

Every inch of the new operation has been conceptualized, designed and delivered with a future-first approach with all Playtech Live common and dedicated licensee areas remodeled to accommodate the latest software and hardware, presenting players with the ultimate, never-before-seen gaming experience.

Due to high demand, additional space has also been set aside for new customers who will be switching on their operations throughout 2017 and beyond. Further details will be announced later this year.

The new studio will cater for the majority of Playtech's European live casino footprint, further building on the company's reputation as the leading, global provider of next generation live casino games, software and services. Playtech Live has further studios in the Philippines, Spain and Belgium, and a recently opened operation in Romania to cater for an increase in demand for the newly regulated gaming market.

As part of the Playtech ONE Omni-channel offering, Playtech Live allows players to access content anywhere, anytime and on any device through a single wallet and single account. Driven by the powerful Playtech IMS player management platform and data-driven business intelligence technology, Playtech casino delivers industry-leading in-house and premium branded games.

Mor Weizer, CEO of Playtech, said, "This has been a huge undertaking but, more importantly, is a huge step forwards in live casino and one no other company except Playtech is capable of making.

"Our licensees' offerings have firmly been futureproofed with the completion of our new studio, leading-edge software and hardware and state-of-the art control centre. And crucially, it is their players who will benefit the most from the best live casino offering on the market.

"This now gives us the platform to deliver the next generation of live casino to our customers, and will also give us the flexibility and ability to deliver many new and innovative products," added Weizer.