Playtech Reports Positive Contribution of TradeTech Alpha to Earnings

Gaming and financial technology giant Playtech (LON:PTEC) has posted its latest set of results. The company has outlined in a trading update that the performance of the firm’s financial division is in line with expectations.

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According to the announcement, TradeTech Alpha is already making a positive contribution to the company’s numbers. The news comes less than a month after Playtech (LON:PTEC) announced that it completed the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of assets of ACM on October 1st.

Underlying Key Performance Indicators of the financials division continue growing. The last two months have seen a material increase in trading activity across major currency pairs with the Fed and the European Central Bank both stirring Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.

Gaming Division

The daily average revenues of Playtech’s (LON:PTEC) gaming division, increased. The company’s Sun Bingo represented a challenge as the company re-launched the new Sun Bingo site. Market conditions in certain parts of Asia were highlighted by the company as changing.

The slowdown in the region is expected to be temporary as Playtech (LON:PTEC) focuses on continuing to increase its exposure in key regulated markets.

The company’s non-Asian B2B business is performing in line with expectations with organic growth and acquisitions made in 2016 and 2017 helping the figures. Due to the slowdown in Asia however, Playtech expects that its full year results will be about 5 percent below the bottom end of market expectations.

Playtech highlights that it is in active discussions to acquire a range of gaming businesses as the M&A pipeline remains very strong.