Playtech plc, together with its subsidiaries, engages in the development and licensing of software products for the online and land-based gambling industries. Its gaming applications comprise online casino, poker and other P2P games, bingo, mobile, live gaming, land based terminal, 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 application for mobile devices; sports betting software; poker products that are deployed on the iPoker network; live and TV gaming; online bingo games; solutions and tools for lottery operators; Videobet, a...
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Founded in 1999
Playtech plc Appoints Paul Hewitt as Non-Executive Director
Aug 27 15
Playtech plc announced the appointment of Paul Hewitt as a Non-executive Director of the company with immediate effect. Mr. Hewitt will chair the Board's Risk & Compliance Committee and Remuneration Committee and sit on the Audit Committee and Nominations Committee. Having qualified as an accountant with Arthur Andersen, Mr. Hewitt's recent executive responsibilities have included being the Deputy Group Chief Executive and Chief Financial Officer of the Co-operative Group from 2003 to 2007; and Finance and IT Director of the RAC plc from 1999 to 2003. As a Non-executive, Mr. Hewitt has helped many management teams adapt their business models to respond to, and anticipate, changes in their competitive and regulatory environments, including as Non-executive Director and Chairman of the Audit Committee of Tesco Bank from 2012 to 2014.
Playtech plc Declares Interim Dividend for the Six Months Ended June 30, 2015, Payable on October 26, 2015; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015
Aug 27 15
The Board of Playtech plc has declared an interim dividend in respect of 2015 of €9.6 cents per share, an increase of 8% over the 2014 interim dividend of €8.9 cents per share, a lower increase than the adjusted net profit due to the issue of new shares at end of June. Ex-dividend date is 24 September 2015. Record date for dividend is 25 September 2015 and payment date is 26 October 2015.
The company announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenues of €286,030,000 against €214,359,000 a year ago. EBITDA was €107,346,000 against €95,775,000 a year ago. Profit before taxation was €85,801,000 against €76,871,000 a year ago. Profit attributable to owners of the parent was €83,917,000 or €28.8 cents per diluted share against €75,612,000 or €25.9 cents per diluted share a year ago. On adjusted basis, the company reported revenues of €286,030,000 against €214,359,000 a year ago. EBITDA was €112,932,000 against €97,597,000 a year ago. Profit before taxation was €116,855,000 against €98,026,000 a year ago. Profit attributable to owners of the parent was €114,971,000 or €39.5 cents per diluted share against €96,767,000 or €33.1 cents per diluted share a year ago. Net cash provided by operating activities was €96,386,000 against €98,614,000 a year ago. Acquisition of property, plant and equipment was €10,860,000 against €10,620,000 a year ago. Acquisition of intangible assets was €1,919,000 against €700,000 a year ago. The results for the period were driven by a variety of factors, including the continued organic growth of the business with further business wins, acquisitions which included Aristocrat Lotteries, Eurolive, Cyclone, Yoyo, Markets Limited and further smaller acquisitions, the introduction of the POC tax in the U.K., the significant weakening of the euro within the first half and investment into new white-label arrangement in regulated markets. The increase in revenue and EBITDA results were negatively impacted by upfront investment into white-label offering, which will benefit -- the benefit of which should come through in the future when such initiatives achieve the necessary scale. The adjusted EBITDA margin of 39.5% in the half was impacted by lower margin of acquisitions and white-label activity together with the impact of the U.K. POC tax. The strong operating cash flows in the period support a 19% increase in total dividend payout, which is in line with growth and adjusted net profits.