October 18, 2017 3:25 PM ET

Software

Company Overview of Playtech plc

Company Overview

Playtech plc engages in the development and licensing of software products for the online and land-based gambling industries. The company operated through Gaming and Financials segments. Its gaming applications comprise online casino, poker and other P2P games, bingo, mobile and social gaming, land based terminal, sports betting, lottery, and casual and fixed-odds games. The company offers information management solutions for online gaming; technology for casino games; enhanced gaming engine platform that provides content for various games; Mobile Hub, an open framework to integrate content; Sportsbook, a sports betting solution; poker products that are deployed on the iPoker network; live a...

St George’s Court

Ground Floor

Upper Church Street

Douglas,  IM1 1EE

Isle of Man

Founded in 1999

5,000 Employees

Key Executives for Playtech plc

CEO & Executive Director
Age: 41
Total Annual Compensation: €2.1M
Chief Executive Officer of Financials Division
Age: 40
Total Annual Compensation: €1.2M
Compensation as of Fiscal Year 2016.

Playtech plc Key Developments

Playtech plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017

Playtech plc reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenues of €421,580,000 against €337,730,000 a year ago. EBITDA was €164,548,000 against €137,277,000 a year ago. Profit before taxation was €91,351,000 against €51,349,000 a year ago. Profit attributable to owners of the parent was €89,647,000 or 27.3 cents per diluted share against €48,772,000 or 15.3 cents per diluted share a year ago. Adjusted revenues were €421,580,000 against €337,730,000 a year ago. Adjusted EBITDA was €170,924,000 against €413,804,000 a year ago. Adjusted profit before taxation was €129,813,000 against €82,088,000 a year ago. Adjusted profit attributable to owners of the parent was €125,481,000 or 36.2 cents per diluted share against €78,329,000 or 22.6 cents per diluted share a year ago. Net cash provided by operating activities was €147,321,000 against €99,469,000 a year ago. Acquisition of property, plant and equipment was €18,387,000 against €10,524,000 a year ago. Acquisition of intangible assets was €55,000 against €12,321,000 a year ago.

Playtech Mulls Acquisitions

Playtech plc (LSE:PTEC) is looking for acquisitions. The company stated, “Playtech have significant cash balances, which may be used to acquire other businesses. Such acquisitions may not deliver the expected synergies and/or benefits and may destroy shareholder value.”

Playtech plc to Report First Half, 2017 Results on Aug 24, 2017

Playtech plc announced that they will report first half, 2017 results on Aug 24, 2017

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