Playtech Plans Share Placement

In the hope of acquiring exciting new prospects in the gambling industry, the software producer, Playtech has announced that will be placing 21.6 million of its shares on the London stock market.

The company believes that it will raise £112 million for its acquisition fund.

Mor Weizer, Playtech’s CEO said: “We have demonstrated our ability to leverage acquisitions and believe this Placing will provide the Group with an extremely strong balance sheet that will allow it to take advantage of further opportunities that the current market offers.”

The Playtech share price has seen strong growth over the last year increasing from around 360p per share to around 520p at the moment. 

Playtech software powers sites such as Betfred Casino and Totesport Casino.

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