AGM Statement

RNS Number : 5272Y

Playtech PLC

18 May 2016

 

Playtech plc

AGM statement

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

"I am delighted to say that the momentum that Playtech enjoyed in 2015 has continued into 2016.

Growth in daily average revenues in the Gaming division in 2016 remains in line with the growth experienced in the first 53 days of the year as reported at the time of the 2015 full year results in February. We also look forward to the new licensee wins that we secured in 2015 contributing to our future growth and our pipeline of new opportunities remains very strong, with significant wins expected in 2016.

Following improvements made to the business model during Q4 2015, the Financials division has performed in line with our expectations against the backdrop of high market volatility in January and February driving a strong start to the year followed by a period of lower volatility from March onwards.

Our pipeline of M&A opportunities remains healthy with active discussions in the Gaming division as well as discussions for selective bolt-on acquisitions in the Financials division. As we stated at the time of our 2015 full year results, should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure.

We remain confident of continued success and strong growth in 2016 and beyond."

- Ends -

For further information, contact:

Playtech plc                                                     [phone]

Mor Weizer, Chief Executive Officer

Ron Hoffman, Chief Financial Officer

c/o Bell Pottinger

Andrew Smith, Head of Investor Relations              [phone]

Bell Pottinger                                                  [phone]

David Rydell / Olly Scott / James Newman

/ Laura Jaques

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, Playtech has more than 5,000 employees in 13 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, run through subsidiary Markets Limited (formerly called TradeFX), is an established and growing online CFDs broker and trading platform provider, operating the brand markets.com. Its B2C focused offering is available in more than 100 countries and in more than 25 languages and is licensed and regulated in the EU and South Africa.

www.playtech.com

 

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