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Playtech ( (GB:PTEC) ) just unveiled an update.
Playtech plc has completed the sale of its subsidiary, Snaitech S.p.A., to Flutter Entertainment plc for approximately €2.3 billion. This transaction allows Playtech to concentrate on its B2B gambling market strategy, with plans for accelerated growth and a simplified business model. Additionally, Playtech plans to distribute a special dividend of €5.73 per share to its shareholders, expected to be paid in June 2025.
More about Playtech
Playtech plc is a leading technology company in the gambling industry, focusing on providing B2B solutions. The company is known for its technology-led offerings and strategic ventures in high-growth gambling markets.
YTD Price Performance: 4.90%
Average Trading Volume: 548,763
Technical Sentiment Signal: Sell
Current Market Cap: £2.29B
See more insights into PTEC stock on TipRanks’ Stock Analysis page.