Playtech sees FY results in line with views

Playtech said results for the full year to 31 December 2016 are expected to be in line with market expectations and the Board remains confident of further growth in 2017 and beyond.

It noted that both the Gaming division and Financials division have enjoyed similar trends to those reported at the time of the Investor & Analyst Event on 9 November 2016.

Playtech is also pleased to announce that it has agreed an extension to its arrangements with the William Hill Group until the end of 2019.

The Board and Ron Hoffman have agreed that Ron will move from his position as Chief Financial Officer to become full-time Chief Executive Officer of Playtech's Financials division and will step down from the Board immediately.

Andrew Smith, currently Head of Investor Relations, succeeds Ron Hoffman as Playtech's Chief Financial Officer and will join the Board as an Executive Director with immediate effect. The move will provide a greater depth of management resource and focus on Playtech's Financials division following the acquisitions of Markets Limited and Consolidated Financial Holdings A/S.