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An update from Playtech ( (GB:PTEC) ) is now available.
Playtech has reached an agreement with NetX Betting Ltd., a subsidiary of the German operator pferdewetten.de AG, to transfer its German HAPPYBET assets. This move aligns with Playtech’s strategy to focus on its core B2B operations. The agreement allows pferdewetten.de to negotiate with franchise partners for the HAPPYBET shops in Germany and assume ownership of certain hardware. A transition period will follow for negotiations and regulatory approvals, with any remaining assets not transferred to pferdewetten.de intended to cease operations.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Playtech stock, see the GB:PTEC Stock Forecast page.
Spark’s Take on GB:PTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:PTEC is a Outperform.
Playtech’s overall stock score is primarily driven by strong earnings call insights and positive corporate events, which highlight strategic growth and financial stability. Technical analysis supports the bullish trend, while financial performance indicates areas for improvement in profitability and leverage.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Playtech, founded in 1999 and listed on the London Stock Exchange, is a leading technology company in the gambling industry. It provides business intelligence-driven gambling software, services, content, and platform technology across various product verticals, including casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology through its integrated platform, Playtech ONE, which offers data-driven marketing, single wallet functionality, CRM, and responsible gambling solutions.
Average Trading Volume: 1,083,887
Technical Sentiment Signal: Strong Buy
Current Market Cap: £988.7M
See more data about PTEC stock on TipRanks’ Stock Analysis page.
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