Business
Update on COVID-19 impact on Snaitech business
Update on COVID-19 impact on Snaitech business.
About this update from Playtech Plc
[{"type":"text","content":"\n \n \n RNS Number : 4881F\n Playtech PLC\n 09 March 2020\n \n \n \n \n \n \n \n Playtech plc\n \n \n ('Playtech' or the 'Company')\n \n \n Update on COVID-19 impact on Snaitech business\n \n \n \n \n \n At the Company's Full Year Results on 27 February Playtech plc (\"Playtech\") outlined that its Italian business, Snaitech, had experienced a strong start to 2020 but had seen a recent impact due to the outbreak of COVID-19. \n \n \n Following the decree from the Italian Government issued on 8 March 2020, Playtech is providing the following update on its Snaitech operations in Italy. As part of the decree all betting shops, arcades and bingo halls across Italy will be closed until 3 April 2020 and accordingly all Snaitech retail shops are now closed. Snaitech's online activity will continue and may prove to mitigate some of the impact. \n \n \n In addition, an increase in market volatility has led to a very strong performance within TradeTech year-to-date. \n \n \n Playtech continues to monitor the situation closely and will provide updates as appropriate.\n \n \n \n \n \n - Ends -\n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n Playtech plc\n \n \n \n \n \n Chris McGinnis, Director of Investor Relations & Strategic Analysis\n \n \n \n \n \n James Newman, Director of Corporate Affairs\n \n \n \n \n \n \n \n +44 (0) 16 2464 5954\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Headland (PR adviser to Playtech)\n \n \n \n \n \n Lucy Legh, Stephen Malthouse\n \n \n \n \n +44 (0) 20 3805 4822\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Playtech \n \n \n Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.\n \n \n \n \n \n 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, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven mark...