Completion of Snaitech sale
30th Apr 2025 13:45
30 April 2025
Playtech plc
("Playtech" or the "Company")
Completion of Snaitech sale
Further to the announcements on 17 September 2024 and 9 April 2025, Playtech plc (LSE: PTEC) is pleased to announce that the sale by Playtech's group of Snaitech S.p.A. to a subsidiary of Flutter Entertainment plc for a total cash consideration of approximately €2,300 million completed on 30 April 2025.
Completion of the Transaction enables Playtech to focus on its technology-led offering in high-growth B2B gambling markets with an accelerated growth plan and an extensive portfolio of strategic ventures. The Board believes that there is significant further upside from Playtech's simplified business model and focused B2B strategy going forward.
The Company reconfirms that it intends to return €5.73 per share to shareholders by way of a special dividend (the "Special Dividend"). The Special Dividend is now expected to be declared shortly and to be paid in June 2025. A further announcement including a detailed dividend timetable (including the ability for shareholders to elect to receive the Special Dividend in Sterling rather than Euros) will be made in due course.
The Company also confirms that there has been no material change affecting any matter contained in the Company's RNS announcement dated 17 September 2024 under UK Listing Rules 7.3.1R or 7.3.2R ('material' for these purposes having the meaning given to it in UK Listing Rule 7.3.14R).
Defined terms used in this announcement have the same meaning where defined in the Company's RNS announcement dated 9 April 2025, unless otherwise defined herein.
- ENDS -
For further information contact:
Playtech plc Sandeep Gandhi, Head of Investor Relations | +44 (0) 20 3805 4822
|
Headland (PR adviser to Playtech) Lucy Legh, Jack Gault | +44 (0) 20 3805 4822 |
About Playtech
Founded in 1999 and with a listing on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,300 employees across 19 countries.
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, 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 online and retail value chain. Playtech provides its technology on a B2B basis to the industry's leading online and retail operators, land-based casino groups and government sponsored entities such as lotteries.