AGM Trading Statement

Released : 17/05/2017 07:00

RNS Number : 3542F
Playtech PLC
17 May 2017
 

Playtech plc

 

('Playtech' or 'the Company')

 

 

AGM Trading Statement

 

 

Playtech (LSE: PTEC) is today hosting its Annual General Meeting at which its Chairman Alan Jackson will make the following statement:

 

"I am delighted to say that 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 including 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.

"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."

 

  

- Ends -

 

 

For further information, contact:

 

Playtech plc

Mor Weizer, Chief Executive Officer

Andrew Smith, Chief Financial Officer

c/o Bell Pottinger

 

James Newman, Head of Investor Relations

 

+44 (0)20 3772 2500

 

 

 

 

+44 (0)1624 645954

 

Bell Pottinger                                                 

David Rydell / Jonathan Hodgkinson   

 

+44 (0)20 3772 2500

 

 

 

About Playtech

 

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange (LEI code: 21380068TTB6Z9ZEU548), Playtech has more than 5,000 employees in 17 countries.

 

Playtech is the gambling industry's leading software and services supplier with more than 130 licensees globally, including many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

 

It is the pioneer of omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution. Playtech's Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

 

www.playtech.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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