I have just bought into this company as it is well below the float price and has been savagely knocked back by the US gambling fiasco. The trading statement looks promising and new contracts coming in IMO the market is undervaluing this company. It supplies the software to so many of our successful gambling companies. I'd welcome any comments.

StockMarketWire.com
Playtech is delivering a strong performance in 2017 driven by organic growth and recent strategic acquisitions.

"Growth in daily average revenues in the Gaming division in the year to date remains strong with organic growth supplemented by acquisitions made in 2016 and 2017," said chairman Alan Jackson in notes for an AGM presentation.

These acquisitions included BGT, Quickspin, ECM and Eyecon.

"As previously indicated, the initial phase of our contract with the Sun Bingo has been more challenging than anticipated and we have recently taken further steps to address the issues, including significantly strengthening the management team, resulting in an improving performance," said Jackson.

"The Financials division has performed in line with our expectations, with continued growth in the B2B business and improved B2C customer KPIs. CFH continues to perform well following the acquisition in November.

"Our M&A pipeline remains strong and we continue to have active discussions with a range of businesses in the Gaming division as well as discussions for selective bolt-on acquisitions in the Financials division.

"The Board has confidence in the continued success of Playtech and of the business meeting its expectations for 2017."

held for some time great believer , large % of of my money in. BB

Playtech completes acquisition of majority stake in Snaitech S.p.A ("Snaitech")
5 June 2018

Further to the announcement dated 29 May 2018 regarding the results of Playtech's General Meeting, Playtech is pleased to announce that it has today completed the acquisition of approximately 70.6 per cent of the issued share capital of Snaitech (the "Initial Acquisition").

Playtech has also separately acquired approximately 9.0 per cent of Snaitech's issued share capital through market purchases since the announcement of the Initial Acquisition on 12 April 2018 and, therefore, holds almost 80.0 per cent of Snaitech's issued share capital in aggregate as at the date of this announcement.

Playtech will within the next few weeks launch a mandatory takeover offer for the remaining shares in Snaitech not currently held by the Group (the "Mandatory Takeover Offer" and together with the Initial Acquisition, the "Transaction").

Accordingly, Playtech expects to complete the overall Transaction later this year.

Playtech plc
Result of Secondary Placing of holding in GVC Holdings plc

Playtech plc ("Playtech" or the "Company") has held a stake of approximately 3.4% of GVC Holdings plc's ("GVC") issued share capital which it received as a result of its previous holding in Ladbrokes Coral Group plc (previously Ladbrokes plc).

Following a placing conducted through Goodbody, UBS Limited and Shore Capital (the "Placing"), Playtech has sold its entire holding of c.19.6 million ordinary shares in GVC at a price of 1010 pence per ordinary share. The Placing is expected to settle on a T+2 basis, on 11 June 2018. Following completion of the Placing, Playtech will no longer hold any interest in GVC's ordinary shares.

The proceeds from the Placing will be used for general corporate purposes which may include M&A or to reduce the amount of debt to be raised as part of the acquisition of Snaitech.

StockMarketWire.com
Video game developer Playtech downgraded its earnings guidance, blaming intense competition in Asian markets.

The company said it now expected adjusted Ebtida for 2018 to be in the range of €320m-to-€360m.

The guidance excluded a €42m one-off gain relating to the sale of shares in Ladbrokes and GVC. Playtech said it sold its 3.4% stake in GVC on 7 June for €222m.

Playtech said its current revenue run rate in Asia was 'materially below' both the average in the 2017 second half, and the average which was expected for the 2018 second half

If the current run rate continued, Playtech's expected revenue from Asia would be around €70m lower than original expectations.

'Given that the downturn in Asia has been relatively sudden and taking into account Playtech's centralised cost base, the vast majority of this revenue loss will drop through to adjusted Ebitda,' the company said.

'Clearly the recent trading performance in Asia is disappointing,' chief executive Mor Weizer said.

'We have taken steps to further support our partners in the region and we will continue to work to preserve our position in the face of an increasingly competitive environment.'

CitiGroup comment:
We estimate that the Plus 500 sale effectively reduces headline net debt in FY19e from €593 million to €421 million, after incorporating the gross sale proceeds and lower dividend income. We estimate that FY19e net debt to EBITDA will reduce from 1.4x to 1.0x.

We have a Buy rating on Playtech. At an 8.3x FY19e PE ratio, the shares are showing significant value at current levels. We see potential for positive catalysts to emerge over the next 12 months from contract negotiations with News UK that may improve the structure of the Sun Bingo agreement, potential entry into the US sports betting market and an Italy focused CMD scheduled for November 2018.

Credit Suisse today reaffirms its neutral investment rating on Playtech Ltd (LON:PTEC) and cut its price target to 520p (from 550p).

StockMarketWire.com
Online gambling software supplier Playtech stuck to its most recent full-year guidance, though trading in Asia weighed.

Ebitda for 2018 was still expected to reach between €320m and €360m, the company said.

In the business-to-business gaming division, revenue growth outside Asia was good.

Revenue from Asia had stabilised at an annualised run-rate of about €150m.

In the business-to-customer division, momentum reported in the first half by Snaitech had continued into the second half of the year.

The remainder of the B2C division also continued to perform in line with the group's expectations.

TradeTech's underlying key performance indicators had continued to display positive momentum, although market movements favoured customers, particularly in September and October, Playtech said.