Playtech completes the acquisition of CFH

RNS Number : 5726Q

Playtech PLC

30 November 2016

 

Playtech plc

("Playtech" or the "Playtech Group")

Playtech completes the acquisition of CFH

Playtech (LSE: PTEC) announces that is has completed the acquisition of 70% of Consolidated Financial Holdings A/S, a technology company with products including a leading Straight Through Processing brokerage which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools. Playtech expects to acquire the remaining 30% in 2019 pursuant to put and call option arrangements.

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For further information, contact:

Playtech plc Ron Hoffman, CFO of Playtech and CEO of Playtech's Financials division Neil Offord, CFO of Playtech's Financials division c/o Bell Pottinger Andrew Smith, Head of Investor Relations	[phone] [phone]
Bell Pottinger                                                  David Rydell / Olly Scott / James Newman / Laura Jacques	[phone]

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 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

 

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