REG - Playtech PLC - Agreement reached regarding German HAPPYBET assets

PlaytechAnnouncement

Wed 07:00

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RNS Number : 2942K  Playtech PLC  28 May 2025

Playtech plc

 

("Playtech" or the "Company")

 

Agreement reached regarding German HAPPYBET assets

 

Playtech (LSE: PTEC) (and subsidiaries together with Playtech, the "Playtech
Group") is pleased to announce that it has reached an agreement with NetX
Betting Ltd., a subsidiary of the Frankfurt listed German operator,
pferdewetten.de AG (together "pfederwetten.de") regarding HAPPYBET.

 

Having closed the Austrian HAPPYBET business in the second half of 2024, the
Company announced in March 2025 that it had commenced a process to sell the
remainder of the business in Germany. This agreement reflects the Playtech
Group's renewed focus as a predominantly pure-play B2B operator.

 

Pursuant to such agreement, pfederwetten.de is being given the opportunity to
contract with franchise partners for the HAPPYBET shops in Germany, subject to
negotiations with those franchise partners. As part of this agreement,
Pfedermwetten.de will also assume ownership of certain associated hardware.

 

There will now be a transition period to allow pferdewetten.de to negotiate
with the relevant franchise partners and for the relevant regulatory approvals
to be sought from the competent authorities in Germany. It is intended that
any remaining HAPPYBET assets not transferred to, or assumed by,
pferdewetten.de will cease operations and, where relevant, will be wound up.

 

- ENDS -

For further information please contact:

 

 Playtech plc                                +44 (0) 20 3805 4822
 Sandeep Gandhi, Head of Investor Relations
 Headland (PR adviser to Playtech)           +44 (0) 20 3805 4822
 Lucy Legh, Jack Gault

 

About Playtech

Founded in 1999 and with a listing on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling industry with over
7,300 employees across 19 countries.

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, bingo and poker. It is the pioneer of
omni-channel gambling technology through its integrated platform technology,
Playtech ONE. Playtech ONE delivers data driven marketing expertise, single
wallet functionality, CRM and responsible gambling solutions across one single
platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data-driven gambling technology across
the online and retail value chain. Playtech provides its technology on a B2B
basis to the industry's leading online and retail operators, land-based casino
groups and government sponsored entities such as lotteries.

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