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Playtech Set to Finalize Snaitech Sale, Announces Special Dividend

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Playtech Set to Finalize Snaitech Sale, Announces Special Dividend

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Playtech ( (GB:PTEC) ) has shared an announcement.

Playtech PLC has announced the completion of regulatory approvals for the sale of Snaitech S.p.A. to Flutter Entertainment’s subsidiary, with the transaction expected to conclude by the end of April 2025. This sale will allow Playtech to concentrate on its B2B gambling technology offerings and return €5.73 per share to shareholders as a special dividend, highlighting a streamlined business model and focused growth strategy.

More about Playtech

Playtech PLC operates in the gambling industry, focusing on technology-driven solutions for B2B gambling markets. The company offers a range of products and services, including online gaming software, and is known for its strategic ventures in high-growth markets.

YTD Price Performance: -4.34%

Average Trading Volume: 592,332

Technical Sentiment Signal: Sell

Current Market Cap: £1.99B

For an in-depth examination of PTEC stock, go to TipRanks’ Stock Analysis page.

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