Playtech initiates buy-back program
Playtech revealed in a statement to the London Stock Exchange that the recent trading price of its ordinary shares ‘does not reflect their underlying value’ with the buy-back set to be conducted by brokers Collins Stewart and Deutsche Bank ‘in accordance with the terms of the general authority to make market purchases of its own shares given to the company under its articles of association’.
“Playtech is a truly world-class business that generates substantial free cashflow,” said Roger Withers, Chairman for Playtech. “Our recent trading and contract win announcements should not only provide the market with comfort in respect of our existing business but also demonstrate the substantial opportunities that are available to drive future growth.
“We expect that the market will recognise the true value of our business. Should the public markets continue to offer an opportunity for us to purchase shares at what the company believes are compelling valuations, the board must retain the ability to utilise a portion of our cash resources for the benefit of all of our long-term shareholders,” he concluded.
Pragmatic Play launches new slot game ‘Mr Null’s Wicked Wares’ with up to 5,000x wins
Google Ads updates gambling policy to allow Alberta operators ahead of regulated iGaming launch
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Flows secures Pennsylvania Gaming Control Board authorisation
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
Racing and Sports partners with Altenar to enhance global racing offering
Wazdan shortlisted in five categories at SBC Awards Americas 2026
