Playtech Share Discussion Threads

[shaker44] 02/11/2017 08:46

About £700m off market cap. Amazing

[aishah] 02/11/2017 08:40

Added more this morning.
"The M&A pipeline remains very strong and the Company is in active discussions with a range of Gaming businesses consistent with executing this strategy and with the expectation that the relative contribution from Asia to the Group will consistently reduce over time"

[shaker44] 02/11/2017 08:32

Surely a massive over reaction to a small problem? Tempted to average down, but I have caught a falling knife before!

[bookbroker] 02/11/2017 08:24

Possibly worth a punt, the issues seem to revolve around the Sun Bingo division, US opening up to online gaming, they may have a squeak in there!

[shaker44] 02/11/2017 08:21

Offered just now at 768. Wow

[undervaluedassets] 02/11/2017 08:11

nasty...

the problem is I think that the market was not expecting this at all . ...

[homshaw] 02/11/2017 07:52

Yes It will get hammered and for a fairly small downturn. Not handled at all well.

[longwell] 02/11/2017 07:38

no mention of plus500 stake, up 100%.
looks like buying opportunity for rebound when acquisitions offset diversification from asia.
Shame the good run will halt for a while.
most brokers value this a lot higher than current price.

[bookbroker] 02/11/2017 07:32

Going to get hammered!

[manics] 02/11/2017 07:31

Likely a trade here this morning, depending on the severity of the initial puke. Fundamentally a quality business imo.

[manics] 02/11/2017 07:23

Oh dear. Profit warning, guys.

[shaker44] 02/11/2017 00:59

Interesting Nod. Very different view to festario. I didn't realise many had a £2 limit now.
Having watched and enjoyed playing slots in Vegas, it seems to me that most there choose low minimum machines and stay for hours. And hours!
Not sure if clientele is similar.

[nod] 01/11/2017 19:11

It remains to be seen whether there will be a huge reduction in betting shops. It remains to be seen what the impact of a change in maximum stake has on usage. The maximum stake on many FOBTs is already £2 - it is only £100 on some high-roller terminals.If the maximum stake on the high-roller machines is reduced by 90% to £10 then those players get to play for a much longer duration.The bookies want the same revenue. UK Govt wants to collect the same tax. The problem is anecdotally some unidentified addicts. The solution would be to identify the addicts through customer relationship technology and help them.

[nod] 01/11/2017 18:55

FOBT barely features in PTEC accounts. FOBT gets only only one small mention in its 166 page Annual Report. SSBT is much more important to PTEC. The Self-service terminal solutions acquired with BGT for around 138 million.

[trentendboy] 01/11/2017 06:46

Some predictions of many hundreds of betting shops so less fobts.Hence less revenues to ptec.I agree that overall effect unlikely to be too serious as a percentage of revenues

[nod] 31/10/2017 23:49

Still no decision. Another three month consultation period.
UK Gov reluctant to lose the income.

[longwell] 31/10/2017 08:17

plus500 investment profit will far outweigh any reduction in profit from regulators, great buying opportunity this morning.
crazy market, just love it.

[nod] 30/10/2017 19:33

TEB, agreed. I believe PTEC still supplies a majority of the FOBT software, which is still required regardless of the maximum stake limit. The big question is, will there be significantly fewer terminals in the future?A smaller maximum stake would usually lead to many more plays. It takes a player a lot longer to lose 50 quid. The pay-out percentage is Fixed Odds i.e. remains the same.Will there be an impact on the payment processors, such as SCH? An objective of the changes is to reduce the amount taken via FOBT. This will reduce total turnover and tax paid.All the parties have had years to work out their strategies. I'm sure they all have Plan B.

[trentendboy] 30/10/2017 07:58

£10 maybe a compromise position but I think this still has tax implications (in the sense that £10 maybe just as bad as £2 if it takes them to a higher tax threshold).

I think £2 will really kill a lot of the action (harder to win back your stake).

This week could be very disruptive - it is clear that the big boys including GVC are just waiting to pounce and may even want bad news so they can pick up distressed assets.

PTEC have some FOBT exposure if you look at recent company buys but not excessive

[nod] 30/10/2017 03:58

I cannot see a £2 limit being introduced. That would not buy a cappuccino.They need to introduce user registration so that an individual's FOBT gambling can be monitored and problem gamblers identified and helped. We live in a computerised world.

[douglas fir] 29/10/2017 10:09

hxxps://www.investing.com/analysis/uk-gaming-sector-winning-against-the-odds-200218951


UK Gaming Sector: Winning Against The Odds

Oct 16, 2017 08:36AM ET

Edison

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2017 has been a challenging year for the UK gaming sector. Negative media has been compounded by an increasingly aggressive regulator. The imminent outcome of the Triennial Review will certainly have an adverse impact on betting shops, as well as placing additional burdens on advertising and social responsibility for all operators. Furthermore, the Budget presents the risk of higher taxes across the board. However, valuations are undemanding vs the market and, as the regulatory overhang clears, winners should emerge. Paddy Power Betfair PLC (LON:PPB) has limited downside to the fixed odds betting terminal (FOBT) debate and Rank may even benefit. Soft gaming companies, Jackpotjoy PLC (LON:JPJ) and Stride Gaming PLC (LON:STRST), are growing strongly and internationally diversified players (eg GVC Holdings PLC (LON:GVC), Playtech (LON:PTEC)) are relatively well positioned. M&A is also highly likely.

Regulatory decisions loom
Against a backdrop of negative media and political campaigns, rising taxes and regulatory obligations are weighing on the UK gaming sector. The Triennial Review announcement is due in late October and a potential £2 stake limit on FOBTs would heavily affect retail operators. Ladbrokes (LON:LCL) Ladbrokes Coral Group PLC ADR (OTC:LDCOY) and William Hill Plc (LON:WMH) appear more vulnerable than PPB, while Rank Group has no exposure to B2 machines. The extension of remote gaming duty (RGD) to ‘freeplay̵7; will be retrospectively applied from 1 August, forcing bonus-reliant operators to reassess their marketing strategies. In addition, industry commentators are suggesting a potential increase in the general RGD from 15% to 18-20% at the November Budget. All this compounded by high-profile fines for irresponsible marketing and failures surrounding self-exclusion and social responsibility (eg 888’s £7.8m settlement).

Online market growth appears to be slowing…
Estimates from the Gambling Commission and H2 Gambling Capital indicate that previous UK online market growth of c 15% CAGR (2008-15) is now slowing to c 7%. Generally, H117 results highlighted declining retail operations in sports, casino and bingo, as well as heightened competition in digital. However, there were interesting variations among the online operators. While some sportsbook players reported disappointing gaming figures (eg PPB), low-stakes soft gaming operators such as Stride Gaming and Jackpotjoy plc (JPJ) appear to be gaining momentum.

[manics] 29/10/2017 09:35

FOBT next week.

[nod] 28/10/2017 07:42

Playtech acquires BetBuddy27 October 2017Playtech has acquired responsible gambling analytics solution provider BetBuddy for an undisclosed fee.BetBuddy provides the industry with responsible gambling analytics solutions, working in partnership with clinical, gambling, and machine learning scientific communities.Playtech trialled BetBuddy's software earlier this year, using its algorithms to detect at risk behaviours, and has now opted to acquire the company in a move it says will enable it to "take the next step in evolving its gambling content to ensure it is developed and deployed in a sustainable manner".BetBuddy's various behavioural identification and modification software will be integrated into Playtech's IMS player management system, which will in turn enable Playtech licensees to offer players a safer environment in which to play the company's omni-channel products.Ian Ince, head of regulatory affairs and compliance at Playtech, said: "BetBuddy is the leading company in this field and has a team that has focused exclusively on developing an industry-leading Responsible Gambling solution."The strength of the product and the knowledge and experience that the team brings is unparalleled, and we are delighted to have completed this acquisition and to welcome them to the Playtech family."Responsible Gambling is a cornerstone in all Playtech's offerings and this acquisition demonstrates our commitment to producing solutions and games that will enable Playtech and its customers to be the most responsive and responsible businesses in the industry."Simo Dragicevic, chief executive of BetBuddy, added: "We look forward to working with the Playtech Compliance, Business Intelligence, and Game Development teams, in partnership with Playtech's customers and wider industry stakeholders, to continue to help to raise standards in Responsible Gambling."

[trentendboy] 26/10/2017 11:26

First domino falls

"Senators in Pennsylvania have voted in favour of a bill that will significantly expand the state's gaming industry in order to address its budget shortfall"

If the US opens up more broadly PTEC are providers to many

[nod] 26/10/2017 10:27

Although PTEC is very good yield most finance sites don't give any yield figures, presumably because PTEC pays yield in Euros and the share price is in GBP. The finance sites can't cope with this. I have always opted for divis in euros which accumulates in my broker account. But I don't really know what it equates to without some complex maths and exchange rates.Also, the Div totals I've seen ignore the very large Special Divis which are paid out every couple of years when PTEC has not invested heavily in acquisitions. 48 euros last year. Come to think of it, we could get a very good Special Divi before the year is out as PTEC has been accumulating cash and not acquiring.