Playtech Share Discussion Threads

[nod] 19/5/2020 04:49

Italy is adding 0.3% tax to bets to help fund sports.I assume Snai shops in Italy are now open.William Hill numbers indicate that loss of shop bets and sports bets are not recouped by other online betting, at least not in the UK and US.https://www.standard.co.uk/business/william-hill-to-reopen-betting-shops-as-sports-starts-to-take-off-again-a4441256.html

[trentendboy] 18/5/2020 13:37

Strong day so far with 5 percentPTEC could get back to £4 without anything getting out of controlStill strange that it is so far off pre virus price given uptick in online gamingMassively underpriced

[trentendboy] 16/5/2020 08:31

That is a useful reminder but prices go up the longer you waitGAN might be their way in Deals are being done otherwise so harder to find a partnerGVC and MGM for example and draft kings etc. On higher and higher valuations

[kickingking] 15/5/2020 20:35

If you listened to what they said in last year presentation when asked about the US. They said it is not a race and that they doing all the preparation to enter. I think they are waiting for the majority of states to open up to gambling. When they do enter it will be big time. Anyway I managed to do my top up below 200p.

[trentendboy] 15/5/2020 19:52

PTEC helped out hills and SPO by clearing outThe way to get BACK in will be to buy a company that is already fully licencesThey could buy the whole of SPO how pretty cheaply and get a good US footprint GAN still cheap but not for much longer at this rate Can't believe they have completely given up

[nod] 12/5/2020 04:27

Oops hit Submit too early.When the Sportech acquisition got stuck for many months in 2013, PTEC had to sell its holding and Weizer leave the SPO board. Then the Sportech deal was approved by the US regulator.https://calvinayre.com/2013/06/22/business/has-playtech-given-up-hope-of-entering-the-us-market/

[nod] 12/5/2020 04:18

Mor Weizer joined the Sportech Board. He was and is CEO of PTEC.

[nod] 11/5/2020 21:16

It's difficult to understand why PTEC would put its cash into Italy, which was tightening up, and not into the USA, which was opening up.

[trentendboy] 11/5/2020 13:52

Indeed but hard to see the 2006 stuff still counting against themJust odd given leadership changes and shareholder list nowCompany is very different

[nod] 11/5/2020 11:35

PTEC was on the US regulators blacklist since online gambling was illegal, and PTEC continued to supply services. PTEC tested the water years later by teaming up with Sportech in SPOs acquisition of SGR. PTEC only had a 10% holding but the deal was blocked until PTEC withdrew from the deal.They have not been bold enough to attempt another US acquisition. Even though much has changed since then, the US regulator is still a hurdle.PTEC will need try an offer one day.

[trentendboy] 11/5/2020 11:01

Nice new Polish deal sorted today. Many EU providers are moving over to PTEC IMS

They have most of world covered in terms of IMS but not the US

Why do they not just buy GAN ffs. Such a simple way to get a very large US footprint with local casino players and still relatively cheap - but won't be for long.

[trentendboy] 11/5/2020 09:42

Good start - hopefully the potential sinking in

[trentendboy] 10/5/2020 17:07

Spam previous message

[nod] 10/5/2020 05:03

Asia is less affected by COVID19 than Europe and the USA. China was up and running after a strict and brutal lockdown. Malaysia is our other B2B market and this has been lightly affected with just over 100 deaths.

[nod] 10/5/2020 05:00

PLUS gave an update in April that should also apply to TradeTech "heightened levels of market volatility have persisted, and the Company has continued to see a significantly increased level of customer trading activity."

[trentendboy] 09/5/2020 21:26

Agreed - the previously under performing financial trading arm is likely to be way ahead of expectations and likewise the online casinos will be busy

[kickingking] 09/5/2020 21:15

When the next update comes out it will be a lot better then was anticipated. First alot of people playing online whilst isolated and second there cfd portal has been doing rather well due to more people trying to be investor experts and gambling on the markets. I can see playtech getting back to 300p pretty sharpish. First I would prefer if they dropped back below 200p so that I can do another top up to bring down my average.

[trentendboy] 09/5/2020 19:49

But reduced profits hit margins of course which were highHopefully they have slowed the decline

[nod] 09/5/2020 13:02

China BTB is a relatively small slice of our revenues now that we have Snai and a growing BTC segment. PTEC has, for a few years, said China is highly competitive and our market share is being eroded by cheap suppliers. However, our China operation is very low cost and therefore remains highly profitable, albeit with a gradually declining revenue.

[trentendboy] 08/5/2020 20:02

That would be a boost for sureThe share price still way off where it should be imo given massive online take up globally since lockdownI know China weighing heavily but they seem to be on the case and stemming the decline

[nod] 08/5/2020 09:59

I meant to say High Street betting shops were scheduled to open on Monday 11th.

[nod] 08/5/2020 09:52

Italy opening up.Online betting shops were scheduled to reopen on Monday 11th May. Most of PTECs Snai revenue comes from sports betting,

[trentendboy] 29/4/2020 13:19

Next move up after trading sideways for a while.

Next break up

Up to the 275 level I would have thought and then pause again

[trentendboy] 28/4/2020 17:13

Yep - should not take long with sector momentum With again closing on 200 sector is hot