Completion of the acquisition of TradeFx Limited

RNS Number : 5568M

Playtech PLC

07 May 2015

 

Playtech plc ("Playtech")

Completion of the acquisition of TradeFX Limited ("TradeFX")

Playtech (LSE: PTEC) today announces that all outstanding conditions relating to the acquisition of TradeFX have now been satisfied, including the approval of the Cyprus Securities and Exchange Commission, and the transaction has completed.

The financial statements of TradeFX will be fully consolidated into Playtech's group accounts from today, 8 May 2015, and TradeFX will therefore make close to an eight month contribution to Playtech's financial performance for the year ending 31 December 2015.

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For further information contact:

Playtech plc   Mor Weizer, Chief Executive Officer   Ron Hoffman, Chief Financial Officer   c/o Bell Pottinger   Andrew Smith, Head of Investor Relations	[phone] [phone]
Bell Pottinger   David Rydell / Olly Scott / David Bass /   James Newman	[phone]

About Playtech

Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, CRM services and hosting.

The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.

New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.

Founded in 1999, Playtech is listed on the London Stock Exchange and has more than 3,900 employees located in thirteen countries. Its leading gaming applications include casino, bingo, poker, sports betting, live, mobile and social gaming, casual and fixed odds games.

www.playtech.com

 

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