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Playtech ( (GB:PTEC) ) has issued an announcement.
Playtech has responded to Evolution AB’s claims of a smear campaign by defending its decision to commission an independent investigation into Evolution’s business practices. The investigation, which Playtech asserts was conducted lawfully, revealed that Evolution’s operations in prohibited and sanctioned markets may undermine lawful gambling operations and impact industry credibility and government tax collection. Playtech is prepared for court examination of the report and believes it will confirm the investigation’s legitimacy and the importance of addressing these regulatory concerns.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £405.00 price target. To see the full list of analyst forecasts on Playtech stock, see the GB:PTEC Stock Forecast page.
Spark’s Take on GB:PTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:PTEC is a Neutral.
Playtech’s overall score is driven by its strong financial performance and reasonable valuation. However, bearish technical indicators and revenue challenges weigh on the score. The company’s strategic focus on high-growth markets and positive EBITDA guidance provide a cautiously optimistic outlook.
To see Spark’s full report on GB:PTEC stock, click here.
More about Playtech
Founded in 1999 and listed on the London Stock Exchange, Playtech is a leading technology company in the gambling industry, employing over 7,400 people across 20 countries. It provides business intelligence-driven gambling software, services, content, and platform technology across popular product verticals such as casino, live casino, sports betting, bingo, and poker. Playtech is known for its omni-channel gambling technology through its integrated platform, Playtech ONE, which offers data-driven marketing, single wallet functionality, CRM, and responsible gambling solutions across retail and online sectors. Playtech partners with leading brands in regulated markets, providing technology on a B2B basis to online and retail operators, land-based casinos, and government-sponsored entities.
Average Trading Volume: 800,128
Technical Sentiment Signal: Buy
Current Market Cap: £1.04B
See more data about PTEC stock on TipRanks’ Stock Analysis page.