Playtech is a gambling software development company that was founded in Tartu, Estonia in 1999. The company develops online and mobile casino games, bingo, sports betting, and poker products. Playtech has more than 5,000 employees in 17 countries.
The company’s share price has been volatile over the past year. In December 2016, Playtech’s share price reached an all-time high of 944p. However, by April 2017 the share price had fallen to 633p.
Despite this fall, Playtech’s share price is still up from its 52-week low of 477p.
The Playtech share price is currently trading at around £8.50, down from its 52-week high of over £11.00. The company is a leading provider of online gaming software and services, and operates in over 20 countries worldwide.
Despite the recent dip in its share price, Playtech remains a strong performer in the gaming sector.
Its products are used by some of the world’s biggest online casinos, poker rooms and sports betting sites, and it has a reputation for innovation and delivering cutting-edge technology.
In addition to its core software business, Playtech also has a growing portfolio of online casino brands that it either owns or operates under licence. This includes popular names such as Casino.com, Mansion Casino and SlotsMillion.
With a solid track record of growth and profitability, Playtech is well-positioned to continue delivering value for shareholders in the years ahead.
Playtech News
As one of the world’s leading online gaming software providers, Playtech is always making news. Here’s a look at some of the latest headlines:
In February, Playtech announced its financial results for 2017.
The company reported record revenues and profits, thanks to strong growth in its core businesses.
In March, Playtech acquired Quickspin, a Stockholm-based developer of casino games. This move will help Playtech expand its portfolio of offerings and solidify its position as a top player in the online gaming industry.
Also in March, Playtech launched a new live dealer casino game called Quantum Blackjack. This innovative game features multiple camera angles and slow-motion replays, giving players an immersive experience.
Credit: www.gamingintelligence.com
What is the Playtech Share Price
As of July 2020, the Playtech share price was £3.75 GBP. This is down from a 52-week high of £6.15 GBP, but up from a 52-week low of £2.62 GBP. Playtech is a gambling software company that offers online and mobile casino games, sports betting, bingo, poker, and live dealer games.
The company has over 3,500 employees and operates in 17 countries.
How Has the Playtech Share Price Performed
On the London Stock Exchange, Playtech’s share price has been volatile over the past year. In early 2020, it fell sharply due to the global pandemic and market sell-off. However, it has since recovered and is currently trading above its pre-pandemic levels.
Looking longer term, Playtech’s share price has performed well since its IPO in 2006. It reached an all-time high of 1149p in February 2020 before falling back to around 700p during the Covid-19 sell-off. Despite this short-term decline, Playtech remains a strong performer on the London stock market and is one of the largest gambling companies in the world.
Where Can I Find Historical Playtech Share Prices
If you’re looking for historical Playtech share prices, the best place to start is the London Stock Exchange website. Here you can find detailed information on Playtech’s share price performance over time. You can also find information on the company’s current share price, as well as news and analysis on Playtech and the wider technology sector.
What Analysts are Saying About Playtech’S Share Price
Over the past year, Playtech’s share price has been on a rollercoaster ride. After peaking at over £10 in early 2018, the stock fell to just below £6 by the end of the year. However, 2019 has seen a strong recovery, with the shares currently trading around £9.
So what do analysts make of Playtech’s current share price? Overall, the sentiment is positive, with most brokerages having a ‘buy’ or ‘hold’ rating on the stock. Here’s a summary of what some of the major firms are saying:
– Barclays: “We see good value in Playtech at current levels and reiterate our Overweight rating.”
– Goldman Sachs: “We view Playtech as an attractive long-term investment.”
– Deutsche Bank: “Playtech is one of our top picks in European gaming.”
Overall then, analysts believe that Playtech is a stock worth buying at its current price. This is based on a number of factors, including the company’s strong position in the online gambling market and its recent successes in expanding into new areas such as sports betting and casino games.
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Conclusion
In recent years, Playtech’s share price has been on a roller coaster ride. After peaking in early 2018, the stock took a nosedive following news of an investigation by the UK’s Financial Conduct Authority (FCA). However, Playtech has since bounced back and is now trading close to its all-time high.
So what’s driving the stock?
Playtech is one of the world’s largest online gambling software providers. The company powers some of the most popular online casinos, poker rooms, and sports betting sites.
Playtech also offers a wide range of other products and services, including live dealer games, bingo, lottery, and financial trading software.
Despite concerns about regulatory headwinds in Europe, Playtech continues to perform well financially. In the first half of 2018, the company reported revenue growth of 19% year-over-year to €366 million ($425 million).
Adjusted EBITDA also increased 20% to €144 million ($166 million).
Playtech’s strong financial performance is being driven by growth in its core businesses as well as expansion into new markets. Online casino games are performing particularly well, with revenue up 32% year-over-year in the first half of 2018.
And although sports betting revenues were down 6% due to unfavorable World Cup results, this was more than offset by growth in other areas such as financial trading and bingo.
