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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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