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LONDON - Playtech plc (LSE:LON:PTEC), a prominent technology supplier in the gambling industry, has completed the sale of Snaitech S.p.A. to a Flutter Entertainment plc subsidiary for approximately €2.3 billion, as of today. This transaction marks a strategic shift for Playtech, enabling the company to concentrate on its B2B offerings in high-growth gambling markets.
The sale aligns with the company’s plans to accelerate growth and leverage its extensive portfolio of strategic ventures. Playtech’s Board anticipates that the streamlined business model and focused B2B strategy will offer significant growth potential moving forward.
In tandem with the sale completion, Playtech reaffirmed its commitment to distribute a special dividend of €5.73 per share to its shareholders. This distribution is expected to be declared soon and paid in June 2025, with further details and a dividend timetable to be announced.
Playtech has also confirmed that no material changes have occurred since its previous announcements that would affect the company’s compliance with UK Listing Rules 7.3.1R or 7.3.2R.
Founded in 1999 and listed on the London Stock Exchange (LON:LSEG)’s Main Market, Playtech employs over 7,300 people across 19 countries. The company is recognized for its Playtech ONE omni-channel platform, which delivers a unified experience across product verticals and retail and online operations.
The information in this article is based on a press release statement from Playtech plc.
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