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Completion of Snaitech sale

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Playtech completes sale of Snaitech to Flutter Entertainment for €2,300m.

  • Sale consideration €2,300 million
  • Special dividend per share €5.73
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Further to the announcements on 17 September 2024 and 9 April 2025, Playtech plc (LSE: PTEC) is pleased to announce that the sale by Playtech's group of Snaitech S.p.A. to a subsidiary of Flutter Entertainment plc for a total cash consideration of approximately €2,300 million completed on 30 April 2025.

Completion of the Transaction enables Playtech to focus on its technology-led offering in high-growth B2B gambling markets with an accelerated growth plan and an extensive portfolio of strategic ventures. The Board believes that there is significant further upside from Playtech's simplified business model and focused B2B strategy going forward.

The Company reconfirms that it intends to return €5.73 per share to shareholders by way of a special dividend (the "Special Dividend"). The Special Dividend is now expected to be declared shortly and to be paid in June 2025. A further announcement including a detailed dividend timetable (including the ability for shareholders to elect to receive the Special Dividend in Sterling rather than Euros) will be made in due course.

The Company also confirms that there has been no material change affecting any matter contained in the Company's RNS announcement dated 17 September 2024 under UK Listing Rules 7.3.1R or 7.3.2R ('material' for these purposes having the meaning given to it in UK Listing Rule 7.3.14R).

Defined terms used in this announcement have the same meaning where defined in the Company's RNS announcement dated 9 April 2025, unless otherwise defined herein.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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