Statement in response to press speculation

RNS Number : 3739X

Playtech PLC

27 August 2020

 

FOR IMMEDIATE RELEASE

27 August 2020

Playtech plc ('Playtech' or the 'Company')

Statement in response to press speculation

Playtech notes the recent speculation regarding the possible disposal of its financials division, TradeTech.

As Playtech has previously announced it is continuing to evaluate all options for TradeTech, including a potential sale of the division. Playtech confirms that it is in discussions with a number of parties regarding a sale of the division. However, these discussions are at an early stage and there can be no certainty that any transaction will be forthcoming or whether acceptable terms will be agreed.

TradeTech continues to make a valuable contribution to the Group and, as the Company announced on 5 August, TradeTech had an exceptional performance in H1 2020 as it benefitted from the increase in market volatility and trading volumes.

A further announcement will be made if and when appropriate.

For further information please contact:

Enquiries:

Playtech plc                                                Chris McGinnis, Director of Investor Relations & Strategic Analysis James Newman, Director of Corporate Affairs	[phone]
Headland (PR adviser to Playtech) Lucy Legh, Stephen Malthouse	[phone]

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.

Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy.

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.6,000 employees across 21 countries and is headquartered in the Isle of Man.

 

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