REG - Playtech PLC FlutterEntertainment - Response to Media Speculation

PlaytechAnnouncement

14/08/2024 10:45

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RNS Number : 4473A  Playtech PLC  14 August 2024

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

 

14 August 2024

 

Playtech plc

('Playtech' or the 'Company')

Response to Media Speculation

 

Playtech notes the recent media speculation that it is in discussions with
Flutter Entertainment plc ('Flutter') regarding the potential sale of the
Snaitech business for a value that could be about £2 billion (the
'Transaction').

 

Playtech confirms it is in discussions with Flutter and has granted Flutter a
period of exclusivity to complete due diligence and finalise the necessary
Transaction documentation.

 

There can be no certainty that any Transaction regarding the potential sale of
the Snaitech business will ultimately be agreed, or as to its terms. Further
announcements will be made as and when appropriate.

 

- ENDS -

 

For further information please contact:

 

 Playtech plc                                                              +44 (0) 20 3805 4822
 Sandeep Gandhi, Head of Investor Relations

 Oakvale Capital LLP (Financial Adviser)                                   +44 (0) 20 7580 3838
 Daniel Burns, Ines Bedoya

 Jefferies International Limited (Financial Adviser and Corporate Broker)  +44 (0) 20 7029 8000
 Philip Noblet, James Liddy, Tim Lloyd-Hughes, Thomas Bective

 Goodbody Stockbrokers (Corporate Broker)                                  +44 (0) 20 3841 6220
 Piers Coombs, Cameron Duncan, Will Hall

 Headland (PR Adviser)                                                     +44 (0) 20 3805 4822
 Lucy Legh, Jack Gault

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. The person responsible for releasing this
announcement is Sandeep Gandhi (Head of Investor Relations).

 

About Playtech

Founded in 1999 and with a listing in the equity shares (commercial companies)
category on the Main Market of the London Stock Exchange, Playtech is a
technology leader in the gambling industry with over 7,700 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, 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.

 

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