Playtech Share Discussion Threads

[john09] 11/6/2020 08:10

Fair bit of markets selling off

[wasteof] 10/6/2020 13:36

Shouldn't the divi have been paid by now?

wasteof

[trentendboy] 10/6/2020 11:17

They continue to sign up big players.

Recent fall seems overdone.

Hmmmm. Might need to go in hard again

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London-listed gaming technology provider Playtech has entered into an agreement to provide its online casino and live dealer games to Swedish operator Svenska Spel Sport & Casino.

The initial integration includes several of Playtech’s leading titles, including Buffalo Blitz and a number of games within the Age of the Gods suite, with more top-performing slots to be rolled out throughout the rest of the year.

The launch of Playtech casino content is complemented by a number of Playtech Live games, including the supplier’s new Quantum Blackjack.

“We are very happy to have Playtech on-board and look forward to offering their games to our players,” said Svenska Spel Sport & Casino vice president of casino Jonas Nygren. “We believe Playtech's existing and upcoming portfolio has much to offer, including the Age of the Gods suite of games which already have proved popular at launch.

“Playtech also brings exceptional innovation within the Live segment, which allows us to expand this important category for our players.”
NetEnt

Playtech chief operating officer Shimon Akad commented: “This is a key new partnership for Playtech. Svenska Spel Sport & Casino are the Swedish market’s leading operator, and with Playtech providing content across both online casino and a burgeoning area such as live casino, it will provide a compelling offer to its customers.

“It also serves as a perfect example of Playtech partnering with industry leaders in regulated markets to expand and underpin new and innovate offerings.”

[tjbird] 10/6/2020 09:16

Should get Pensylvania approval to join to new jersey soon

[hatfullofsky] 09/6/2020 16:36

It's an extension of the master agreement. Good news but not transformational

[trentendboy] 09/6/2020 12:37

Flutter exactly These are one of the big boys nowWill only a few big boys left at the end of this

[glawsiain] 09/6/2020 12:25

Pokerstars is owned by the stars group.

A potted history:
On August 1, 2017, the company changed its name to The Stars Group Inc.[20]

Retired US Army General and former Democratic Party presidential nominee Wesley Clark is a former member of the board of directors.[21]

In April 2018, the company acquired UK-focused Sky Betting & Gaming for cash and stock worth $4.7 billion.[22]

In May 2019, Fox Sports announced a partnership with The Stars Group to develop sports betting platforms (including free-to-play, and real-money gambling in states where it is legal) for the U.S. market under the Fox Bet banner—becoming the first major U.S. sports broadcaster to introduce a co-branded sports betting platform. As part of the partnership, Fox Corporation acquired a 4.99% stake in the company for $236 million. There was also an option for Fox to acquire up to a 50% stake in The Stars Group's U.S. operations within the next 10 years.[23][24][25]

On 2 October 2019, Flutter Entertainment announced an agreement to acquire The Stars Group for $6 billion. Fox will have the option to acquire an 18.5% stake in its U.S. subsidiary FanDuel Group in 2021.[26][27]

On December 3, 2019, The Stars Group announced it had completed its acquisition of Australian online sports betting business BetEasy[28] after originally acquiring a majority stake in the company (then known as CrownBet) from casino operator Crown Resorts in 2018.[29]

[trentendboy] 09/6/2020 11:42

London-listed gaming supplier Playtech has teamed up with leading operator PokerStars to launch an exclusive new multiplier-based Live Roulette variant, Spin & Win Roulette. [Free]


This is a big win - Stars and flutter so .... a nice Tier 1

[hatfullofsky] 09/6/2020 08:33

Possible fall out on the PLUS news, punters actually making money. May impact TradeTech ?

[john09] 08/6/2020 16:21

Lots of stocks have followed the same pattern today

[hatfullofsky] 08/6/2020 15:53

What's the moron said now ? The Donald

[john09] 08/6/2020 15:42

Profit taking eh. Shame.

[borg45] 08/6/2020 15:42

Stunning turn around!!!

[john09] 08/6/2020 09:35

I think fair value on this one is actually beyond the all time high. Many stocks are now at all time highs despite covid. I think this one SHOULD be one of them i really do ...

[trentendboy] 08/6/2020 09:34

I certainly lost a lot on the way down using financial products but more than made it back on the way back up.

So yes, volatility does massively increase volumes for these companies.

I am sure it is still happening now as some will be betting on a new downside

[john09] 08/6/2020 09:34

If anyone has the update from a well followed newsletter begging with a T! i would love to see it please privately. I am currently abroad and cant read given its only a hard
copy!

Please inbox me thanks . I am already a holder note

Many thanks

[nod] 08/6/2020 09:02

hatfullofsky, TradeTech will makes loads of commission while markets are volatile. We don't get these extremes in market volatility very often - the last being the years following the GFC. We acquired TradeFX in 2015 and then Alpha in 2017, at which point we created TradeTech. It has taken a few years to connect the arms and bodies and upgrade the trading platforms.
My guess would be that Covid19 impact on leading economies is far from over and there will be significant market volatility for a year or two, at least. Good for PTEC and reflected in Peel Hunt's significant growth forecast.

[john09] 08/6/2020 08:51

Here we go again

[nod] 08/6/2020 08:38

Peel Hunt forecasts full-year 2020 adjusted pre-tax profits of €61.8m and earnings per share of 16.5 cents, rising to €131.3m and 34.7 cents in 2021.

The chief executive acquired £52,820 in Playtech shares on June 1. Mr Schiavolin, meanwhile, bought £143,5000 worth of shares. Playtech acquired a 70 per cent stake in Italian betting outfit Snaitech in 2018 for €864m (£769.5m).

[hatfullofsky] 07/6/2020 17:13

January 2020 - The sole bugbear has been its non-core Trade Tech business

May 2020 - extremely strong Q1 with Adj EBITDA of EUR117m. This was in large part driven by the exceptional performance of TradeTech

I wonder how non-core TradeTech remains

[john09] 06/6/2020 21:06

Agree on all points although think all gaming companies are predator and prey right now

[trentendboy] 06/6/2020 20:34

Nothing has changed except PTEC are in an even stronger position ironically.The PE of 6 is far too low - could be double without stretching it.The sitting duck argument is validNot sure who will be a buyer though at this stage More likely PTEC should start buying others

[john09] 06/6/2020 19:52

This is old so i see no harm in sharing. Also pre-covid January 2020

Playtech - Looks like a sitting duck on 6.1x EV/EBITA

386p Epic code: PTEC

In the first four months of its second half, Playtech notes the core business - B2B Gambling - and Snaitech (its large Italian B2C acquisition), are trading ahead of management expectations. Regulated B2B Gambling (of which 55% is UK) reported 12% sales growth supported by above average hardware sales. This side has also struck a long-term agreement with Wplay, a leading Columbia gambling operator, extending its reach into Latin America.
Snaitech has continued to take market share and reached number one in September and October across online gaming.
In Asia, the cause of recent profit warnings, the good news is that run rate trading has stabilised at Eu100m.
The sole bugbear has been its non-core Trade Tech business, its financial trading division where EBITDA will be well below expectations. This, along with other non-core areas like Casual and Social Gaming, will be put up for sale.
Numis has halved Trade Tech’s forecast EBITDA contribution to Eu15m, offset by a small upgrade for the core business, which leads to an overall 3% cut in group 2019 EBITDA forecasts to Eu380m and eps of 48.5 cents (40.5p).
We think Playtech’s on a better footing now with Asia a smaller but more stable part of the group and Numis notes it trades on a cheap 6.1x FY’20 EV / EBITA and PE of 9.5. It says any disposal of Trade Tech and even the Asian business could make it more attractive for a potential bidder, particularly after shareholder Spring Owl publicly suggested a take-over by private equity at £6. A slow burner but 2020 could be Playtech’s year. We are buyers.

[john09] 06/6/2020 18:01

Hi whitehouse

Sorry I didn’t get your post? Please explain. Cheers 👍