Playtech Share Discussion Threads

[shaker44] 27/5/2018 08:12

I guess the outcome will be influenced by the ptec/lads contract and whether it had a break on takeover clause. Be nice to think ptec can add value to the enlarged gvc, notwithstanding their in house systems, which may well be inferior. Unless that would jeopardize other ptec business...

[trentendboy] 27/5/2018 07:19

Very well spotted on playtech GVC paragraphHonouring all existing deals is goodPTEC will own a large chunk of GVC post takeoverI hope they can get a longReading between the lines, GVC need flexibility to make cost savings through synergies PtEC software powering LADs is not ideal when they have their own systems but looks like deals are being doneVery sensible

[nod] 27/5/2018 01:16

"access to new significant brands" would suggest GVC is offering Playtech some of its new products. If I were Playtech I would rather have a large pay-out.

[shaker44] 26/5/2018 05:01

Well spotted. Thanks

[nod] 26/5/2018 02:38

GVC had an interesting paragraph in its trading update yesterday. Reading between the lines, it seems GVC wants to do a trade with Playtech so that GVC can have "operational flexibility" in LAD. I wonder what they are offering in exchange."GVC and Playtech plc ("Playtech") are in discussions to update the existing services agreement between the two companies, in order to secure a long-term mutually beneficial relationship. This would allow Playtech access to new significant brands, revenue streams and secure long term revenues, whilst providing GVC operational flexibility to realise its synergies plan. In the meantime, GVC will continue to honour the existing Playtech contract and maintain the positive working relationship."

[nod] 23/5/2018 09:16

The unregulated markets are often this way because of religious based laws. Malaysia is an example where the law makes gambling illegal, yet Malaysia has Genting and casinos.The USA made online gambling illegal overnight. Religious lobbies backed by wealth from land-based casinos outlawed online gambling overnight.Yes, it can happen overnight.But in Malaysia it is already illegal.

[shaker44] 23/5/2018 08:33

Exactly. Still undervalued.

[trentendboy] 23/5/2018 08:07

which means the share price should reflect this whitening of the revenues

[shaker44] 23/5/2018 04:16

Surely what is predictable Nod is that unregulated markets will get regulated, and some quite suddenly. So revenue in regulated markets may be lower margin but is better quality. And strong regulated players may be able to hoover up less able competitors as unregulated markets diminish?

[nod] 23/5/2018 03:55

With the tightening regulations in regulated markets, the unregulated markets are looking more lucrative and, dare I say, more predictable.

[nod] 21/5/2018 23:17

The proposed legislation in Italy doesn't seem too onerous. They are to protect youth and to put some limits on electronic gambling such as betting terminals. There are many countries facing the same issues resulting from the oversupply, overuse and high visibility of gaming machines. "Experts in the field were quick to point out that this move has the potential to cripple the field and significantly reduce the revenue it is able to generate from gambling operation. The new policy framework could steer the industry in a different and unwanted direction since many gambling operators rely on their slot machines offerings. As it is specified in the proposed draft this kind of gaming devices will have to be installed and operating only at specified locations.What should be taken into account is that bars and various distributors are not among them. Another new addition to the field according to this draft bill which could become a reality if it receives a nod is related to sensitive locations in any given city. Some of those are high schools as well as youth centers which witness a constant flow of young and easily impressionable people. Operators are already concerned by the information issued."

[dennislevine] 21/5/2018 15:57

any thoughts on this:

hxxp://www.casinogamespro.com/2018/05/21/italys-government-proposes-new-potentially-damaging-gambling-bill

[trentendboy] 21/5/2018 11:32

Very good newsGiven US opening PTEC have the size now to really be a global playerYou can bet that they are ready to roll on the next acquisitionGAN so small but such a neat fit into PTEC portfolio

[nod] 21/5/2018 10:15

Good news. Faster than I expected. "Playtech is pleased to announce that it has received formal consent to the Transaction from Agenzia delle Dogane e dei Monopoli, the Italian gaming regulatory authority."

[shaker44] 20/5/2018 01:29

Agree. So much for so called independent renumeration committees- whose salaries are paid by the Board, including executive directors. Not independent at all.
Whatever the metrics were based on to assess bonuses, clearly deeply flawed.

[nod] 19/5/2018 22:00

I suspect the institutions will all want a higher share price for their investors. The share price is down 20% and at the same level as three years ago.I firmly believe that bonuses should be directly related to the share price over the period and nothing else.If the value of the business has declined 20% over the year it's hard to justify an INCREASE in bonus of 78%It's hard to justify a bonus at the SAME level as last year based on the annual performance.

[trentendboy] 19/5/2018 11:45

Question is what the new shareholders are afterI suspect they want more corporation actionNot as if they have been standing still thoughStill think they are undervalued at current price

[nod] 18/5/2018 03:52

A good article in LeapRate explaining the shareholder revolt in detail. It seems to be a result of changes in the major shareholders over the past year.



extract
Demonstrating the effect of all the bonuses, in 2017 CEO Mor Weizer had a base salary of €950,000, but ended up with total comp of several times that, or €4.2 million. CFO Andrew Smith’s base salary of €385,000 became more than €1.1 million in total comp.

Apparently, the company’s large institutional shareholders were not very happy with Mr. Weizer’s compensation moving up by 79% from €2.3 million in 2016 to €4.2 million in 2017, in a year which as noted wasn’t a banner year for results.

[nod] 17/5/2018 23:22

Yes, SCH could do it, if PTEC wanted to outsource the customer management processes and data.PTECs close relationship with SCH could hamper PTECs growth. It probably has already by not developing this piece of the core business.I have concerns about this relationship when it comes to the USA, as Sagi is on their blacklist.I assume GVC does their own payment processing.

[trentendboy] 17/5/2018 13:29

Through SCH if you look at what they do

[nod] 17/5/2018 12:29

"The Gambling Commission will toughen up protections around online gambling including stronger age verification rules and proposals to require operators to set limits on consumers' spending until affordability checks have been conducted."These changes would require customer registration and tracking of spend. Step forward PTEC.If they implemented customer registration and tracking they would not need to impose constraints across all customers, only the problem gamblers.

[trentendboy] 17/5/2018 10:11

True - IF it is delayed by 2 years it would be a boon for PTEC.

With this uncertainty out of the way things can get back to an even keel

Hmmm, looks tempting although Asia needs more research

[longwell] 17/5/2018 07:44

software changes have to be put in place. thats playtech.

[manics] 17/5/2018 07:40

Betting machine stakes cut to £2

[trentendboy] 17/5/2018 07:23

Impressive that shareholders kicked offRight decision - be interesting to see how it plays out