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Playtech in talks for selling its financial division TradeTech

Playtech

The gaming group recently said that it has benefited from the Covid-19 induced market volatility and reported strong performance for TradeTech.

In March 2020 the company’s Board decided to maximize liquidity and suspend shareholder distribution because of the Covid-19 situation. The share repurchase programme announced at the FY19 result was also postponed as was the 2019 final dividend. These measures were able to save the company more than €65 million of cash outflows.

Steffy Bogdanova

Steffy Bogdanova

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.

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