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An announcement from Playtech ( (GB:PTEC) ) is now available.
Playtech has acknowledged the UK Chancellor’s announcement of an increase in Remote Gaming Duty from 21% to 40% effective April 2026, and a new Remote Betting Rate of 25% effective April 2027. Despite the anticipated impact on its 2026 Group Adjusted EBITDA, Playtech is confident in meeting market expectations due to its geographic diversity and strong performance outside the UK.
The most recent analyst rating on (GB:PTEC) stock is a Hold with a £240.00 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 Neutral.
Playtech’s overall stock score is driven by its mixed financial performance and undervaluation. While the company shows potential with strategic growth initiatives and a strong cash position, technical indicators highlight bearish momentum, and revenue challenges persist. The earnings call provides a cautiously optimistic outlook, but risks in emerging markets and revenue declines need to be addressed.
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 popular product verticals such as casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology, Playtech ONE, which integrates data-driven marketing, single wallet functionality, CRM, and responsible gambling solutions across retail and online platforms. The company partners with leading brands in regulated markets, offering its technology on a B2B basis to online and retail operators, land-based casinos, and government-sponsored entities.
Average Trading Volume: 1,399,282
Technical Sentiment Signal: Sell
Current Market Cap: £735.7M
See more data about PTEC stock on TipRanks’ Stock Analysis page.