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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - US$85m investment in Hard Rock Digital

April 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PTEC
  • Price:
  • 543p
Playtech has announced a significant strategic partnership with Hard Rock Digital (HRD). HRD will license tech and iGaming content from Playtech (including slots, RNG and live dealer table games in the US and Canada, with additional software and services solutions elsewhere) and Playtech will receive a revenue share. Playtech is also investing US$85 million (c. €80 million) for a low single digit % minority equity ownership stake in HRD. The investment will help fund HRD's global expansion. Playtech will announce finals on 23 March. On the same day, it will also host an investor day focused on the B2B division, concentrated on the higher growth areas (the Americas and Live segments). With HRD a globally recogn ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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