Results for the six months ended 30 June 2018

Play Tech (LSE: PTEC) announced today, along with the trading update until August 21, 2018, for six months for June 30, 2018.

After adjustment EBITDA 1

Net income 2 after adjustment

Report net income 2

After adjusting after adjusting EPS

Total dividend per share

Group financial data

§ Total revenue except Asia increased by 35%from the first half of 2017 on a report basis

§ In the first half, 69%of the group revenue is subject to regulation (first half of 2017: 50%).

-C. 80%of 2018 regulations in 2018 is the current interest rate basis

§ Radbroks Coral's shares will continue to improve the efficiency of balance sheets.

§ Powerful cache creation: Operating cash flow increased by 51%to 222. 5 million euros

§ 1 dividend per share is 2017 standard

§ Snaitech's acquisition completed: Connected on June 5th.

§ 100%owned from August 3rd

§ Providing the foundation of presence in Europe's largest GGR regulation market

§ A leading brand that can respond to changes in regulations

§ Completed the integration and reconfirm the cost signage goals

B2B gaming department

§ Regulatory gaming sales 53% (first half of 2017: 38%)

§ B2B regulation gaming revenue is an increase in existing growth rate by 16%on a permanent currency basis

§ Play Tech BGT Sports continues to acquire and grow new customers

-Acreased income by 27%

-Acrease the number of retail devices in the world by 8%

§ Acquisition of new franchise in major markets

-Gala leisure buzz bingo UK Omn i-channel contract

-Casino Polish National Lottery TOTALIZATOR

-Sports: Portugal's SAS, Colombian Sportium

§ Powerful pipeline in major areas

§ Negotiations with GVC are progressing for both

B2C gaming department

Connected §snaitech as of June 5, 2018

§ Sun Bingo is a 28%profit growth based on a permanent currency

§ Sales increased 16%to 52. 3 million euros, EBITDA 58%after adjustment, 25. 2 million euros

§ Due to further improvement of KPI, the momentum of the finance department continues

Current transactions and prospects

§ The average daily sales of the B2B gaming division in the first 52 days of the third quarter of 2018 decreased by 13%compared to the synchronization period of the third quarter of 2017 (14%except for the permanent replacement rate and acquisition. )

§ Except for Asia, the average daily sales of the first 5 2-day B2B gaming segment in the third quarter of 2018 increased by 6 % compared to the same period in the third quarter of 2017 (permanent exchange rate base, acquisition. 5 % except).

§ Due to the closing week of the World Cup, Snaitech achieved a strong achievement in the early half of 2018, but then the transaction continued as expected.

§ B2C Play excluding Snaitech performed in line with expectations, with the Sun Bingo deal continuing to provide revenue momentum.

§ The positive momentum in Tradetech reported in the first half of 2018 continued in the second half, with the B2B segment continuing to deliver strong performance in line with management's strategy.

Alan Jackson, President of Playtech, commented:

Playtech had an extremely busy first half of the year, making significant progress operationally and with new franchisees delivering gains in key strategic markets: the UK, Europe and Latin America. This continued progress has resulted in higher quality revenues for Playtech, with overall group revenues now at 69% regulated. Heading into Asia, after a full year of contribution from the landmark Snaitech acquisition, current run-rate adjusted revenues are expected to be around 80% in 2018.

This progress has been achieved despite unfavourable market conditions in Asia. However, it should be noted that the Asian market headlines do not reflect the strength of Playtech's core model as the regulated segment continues to report organic growth and drive momentum.

Looking forward, the acquisition of Snitec not only geographically diversifies the Group's revenue profile, but more importantly provides the Group with a cornerstone presence in one of Europe's largest and fastest growing markets," it said.

For further information please contact:

Mo Weiser, CEO

Andrew Smith, CFO

James Newman, Investor Relations

+44 (0) 20 38054822

+44 (0) 1624 645954

Headland, PR consultants for Playtech

Lucy Legge, Stephen Mulhouse

+44 (0) 20 38054822

1 The adjusted figures relate to certain non-cash and one-off items such as amortisation of acquisition-related intangible assets, acquisition-related professional fees, acquisition-related financing costs, acquisition-related deferred tax, unrealised fair value changes on equity investments recognised in the income statement for the period, non-cash bond interest and additional non-cash miscellaneous expenses. The Directors believe that adjusted earnings, which includes realised fair value changes recognised in the income statement for the period on equity investments disposed of during the period, more faithfully represents the consistent trading performance of the business. A full reconciliation of actual and adjusted results is set out in Note 4.

2 Belongs to the owner

(3) The value of a certain currency is excluded from the influence of exchange rates to business results using the relevant exchange rate of the previous fiscal year, and the total of the exchange difference losses recognized in the current fiscal year is excluded.

Presentation and live webcast

Analysts and investors presentations will be held today at 9:00 am at UBS Office (5 Broadgate, London, EC2M 2QS).

You can see the presentation from the following website on the live webcast and on-demand website: https: // www. Investis-live. Com/playtech/5b6805482E7C290B000F3CC0/GSKS

You can also see the presentation at the live telephone conference or video link:

British phone number: 020 3936 299

Other regional phone number: +44 20 3936 2999

Conference code: 138506

You can also use the replay for one week:

British phone number: 020 3936 3001

Other regional phone number: +44 20 3936 3001

Replay code: 273142

Future remarks

This presentation includes a description that could be regarded as a "description on future outlook" or "description on future outlook". Despite the nature of the future outlook, due to its nature, there is risk and uncertainty about future events and situations. The actual results may be significantly different from the descriptions of the future outlook, and in many cases, the descriptions of the future outlook.

The description of the future outlook described in this release reflects PlayTech's views on future events as of this release. Unless it is obliged in the law or the listed rules of the British listing administration bureau, the Play Tech is described in this release to reflect the events and situations after the announcement date of this release. We are not obliged to publicly correct the description of future forecasts.

Founded in 1999 and listed on the London Stock Exchange's main market, the Pioneer of Technology in the game and financial trading industry.

PlayTech is the most popular product line in the industry, such as casinos, live casinos, sports betting, virtual sports, bingo, and poker, and provides business intelligenc e-based software, services, content and platform technology. A leading technology company. Through the integrated platform technology "Play Tech One", it has become a pioneer in al l-channel gaming technology. Play Tech ONE offers dat a-led marketing expertise, individual wallet functions, CRM, and responsible gambling solutions on a single platform, regardless of retail or online.

Play Tech offers a dat a-led gambling technology throughout the retail and online value chains by partnering with a major market brand in the market and newly regulated markets. PlayTec offers technologies to governmen t-sponsored organizations such as retail and Internet operators, Lan d-based casino groups, and lotteries. Since June 2018, Play Tech has directly owns and operates Snai, a representative online and retailed sports betting and gaming brands, through the acquisition of Snaitech.

PlayTech's financial division is a trading tech group brand, a technology leader in the CFD and financial trading industry, and is developing both in B2C and B2B.

Play Tech has about 5. 800 employees in 17 countries, and its headquarters is on the island of Man.

In the first half of 2018, it was a very busy time for PlayTech, such as Italy, the United Kingdom, Portugal, Poland, and Latin America, in strategic and strict regulations. On the other hand, as the intensification of the competitive environment in the Asian market, the underwear revision of the earnings forecasts in the Asian business was unfortunate.

Faced by such a reluctant result, there is no change in our strategy, continuing to improve the quality of revenue through organizational and M & amp; A, and leads the industry in the regulated gaming and financial transaction market. We aim to establish a company as a company. With this strategy, sales under regulations have increased to 50 % in the same period of 2017, and in the first half of 2018 to 69 %. The strength of PlayTech's business model in the regulatory market was not ignored, and B2B revenue from the regulatory market increased by 19%at the constant exchange rate in the first half of 2018.

Despite the headwind faced by Asia, the business increased by 4 % due to the contribution of the acquisition of Snaitech on June 5, 2018. The innovative acquisition of Snaitech, announced in April, has achieved a strategic governing goal of improving the quality and diversity of groups while providing exposure to high growth. Play Tech has a dat a-led gambling technology through the entire retail and online value chain by partnering with major brands in the market to be regulated and newly regulated markets. 。 PlayTec offers technologies to governmen t-sponsored organizations such as retail and Internet operators, Lan d-based casino groups, and lotteries. Since June 2018, Play Tech has directly owns and operates Snai, a representative online and retailed sports betting and gaming brands, through the acquisition of Snaitech.

PlayTech's financial division is a trading tech group brand, a technology leader in the CFD and financial trading industry, and is developing both in B2C and B2B.

Play Tech has about 5. 800 employees in 17 countries, and its headquarters is on the island of Man.

Despite the headwind faced by Asia, the business increased by 4 % due to the contribution of the acquisition of Snaitech on June 5, 2018. The innovative acquisition of Snaitech, announced in April, has achieved a strategic governing goal of improving the quality and diversity of groups while providing exposure to high growth. Play Tech offers a dat a-led gambling technology throughout the retail and online value chains by partnering with a major market brand in the market and newly regulated markets. PlayTec offers technologies to governmen t-sponsored organizations such as retail and Internet operators, Lan d-based casino groups, and lotteries. Since June 2018, Play Tech has directly owns and operates Snai, a representative online and retailed sports betting and gaming brands, through the acquisition of Snaitech.

PlayTech's financial division is a trading tech group brand, a technology leader in the CFD and financial trading industry, and is developing both in B2C and B2B.

Play Tech has about 5. 800 employees in 17 countries, and its headquarters is on the island of Man.

Apace continued to progress in the regulatory market in the first half of 2018. The company has extended a contract with Gala Leisure in the UK to launch a new omnichanel gaming brand in bingo and casinos. In Europe, Play Tech has won a new contract in the main market. In Poland, Poland's national lottery provider TCOLIZATOR Sportowy, and in Portugal, a new sportsbook giant operator SAS. In Latin America, Play Tech concludes a new contract with Sportium Colombia and provides sports technology to retail and online environments in this regulation, to provide sports technology in this area. I continued.

The progress of the Trade Tech financial sector reported in 2017 was achieved by organic progress and acquisition, and trading tech has been a powerful start in 2018 with further growth and improvement of main indicators.

After a wide range of shareholder engagement in the first half of 2018, we are happy to be able to report that the evolution of the Play Tech Board of Directors has made a major progress. Play Tech has grown rapidly since its inception, and now has more than 5. 800 employees in 17 countries. In order to respond to the demand of changing companies, the Board of Directors has evolved significantly in the meantime, playing a major role in steering the company in rapid changes. As a global technology leader in the dynamic industry, the Board of Directors has been aware of the need for a new perspective on corporate governance to the company's needs.

At the end of July, it was announced that Susan Ball would be the pla y-up director. Susan focused on data analysis and digital strategies, formerly a director of Kambi Group PLC, and before as a UNIBET GROUP PLC CFO. In addition to Susan's appointment, it was announced in late August that Ian Penrose of former Sport Tech PLC CEO would be a director. Ian has led the strategic redistribution and business transformation at Sportech PLC, has gained valuable knowledge of the US gaming market, has a license in the area, and has led business initiatives.

Despite disappointment in Asia, the strength of the core business of PlayTech is obvious, and one of the pillars of the Play Tech model is the ability to convert operating results into powerful cash generation, which plays. Despite the headwind of the first half of 2018, Tech was able to maintain a 201 7-level dividend.

The management believes that our strategic position in the major hig h-growth regulatory market will promote further business progress from late 2018 to 2019.

Overview of CEO

The continuous goal of PlayTech in the gaming industry is to be the most important and most important technology companies in the commercially attractive regulatory market.

With this strategy, PlayTech has been focusing on the creation of cache and investing in an investment to achieve organic progress in regulatory market complemented by strategic M & Amp; A, which leads to continuous growth of regulations. There is.

Our strategy to continue to achieve this focuses on three strategic fields:

Sales and distribution: The Play Tech One (Play Tech Eco System) will continue to be expanded into channels, products, and eventually new end customer through partners and investments with B2C's major brands. PlayTech can collect data (no n-personal information on players' behavior), and enhance and update the main software and services based on the size and distribution network of 140 retail and online ricencies.

Data: Continue to collect data from more than 140 Licensees around the world. Improvement of end customer Experience (focus on commercial gambling and responsible gambling), realization of seamless customer journey, improvement of cros s-selling and moving between products, dat a-driven campaign Managers and intelligent bonus engines, en d-cast trammer values of en d-cast trammer. Provides intelligent services and insights that lead to improvements.

It continues to be the source of innovation in the innovation industry, and provides new ways to experience content in various channels and product fields (pioneinell and buil t-in content technology) to provide new content and end customs in various channels and product fields, and participate in players in the regulated market. Continue to create attractive content that leads to the industry that promotes. Play Tech's innovation is based on size and data use.

To create shareholder value and gain technology leadership, Playtech's model is to leverage its technology stack in gaming markets across the B2B to B2C value chain. This allows Playtech to take a market-by-market approach to the dynamic and diverse gaming industry. Primarily based on revenue share, Playtech will provide its technology and services to B2C brands to operate in the market, such as in the UK, partner with government agencies and media groups to operate its technology on their behalf, such as in less developed markets, or select markets where it will operate its technology directly as an integrated operator, such as its opportunity with Snaitech in Italy.

REGULATED AND FUTURE MARKETS

Gaming revenues increased 65% in the first half of 2018. The increase in regulated revenues is a result of the company's continued progress against the strategic objectives listed above. Playtech has identified key markets in Europe and Latin America where it has the potential to increase online gaming revenue penetration and where Playtech's regulated markets have an advantage. These markets are the focus for Playtech to expand its scale and distribution through agreements with new licensees.

Southern and Eastern Europe are key growth opportunities, with PlayTech leveraging its services to build a strategic position in regulated markets. The landmark acquisition of Snaitech, announced in April, created a strategic cornerstone presence in one of Europe's fastest growing and largest regulated gaming markets. With industry-proven omnichannel technology, leading the regulated software market, management believes there is a significant opportunity to leverage the strength of the Snai brand in Italy by growing its digital presence and facilitating the transition between retail and online in a fragmented and underdeveloped online market.

In Europe, Playtech signed new agreements in key markets with key strategic franchisees in Poland and Portugal. In Poland, Playtech has been selected by Poland's national lottery provider, Toldizator Sportowy, to launch its first online casino, and in Portugal, the sports division secured a landmark deal with the country's leading operator to operate the country's largest betting and new sportsbook SAS SAS SAS, with casinos set to follow in 2019.

The UK is a key market for PlayTech, alongside Italy, where PlayTech's strengths provide it with a strategic advantage and a cornerstone presence in the market. The wide-ranging agreement with Gala Leisure to launch a new omnichannel gaming brand spanning bingo and casino confirms Playtech's leading position as the technology partner of choice in the UK. PlayTech will be a strategic partner to Gala Leisure and will launch a complete omnichannel solution in the coming months, including a best-of-breed retail solution fully integrated with industry-leading digital content and solutions.

Licensing regimes are expected to be introduced in key European countries such as the Netherlands, Sweden and Switzerland as we look ahead to 2019, with some commentators expecting significant progress in Germany. PlayTech has already agreed a deal with National Holland Casino in the Netherlands and is in discussions with potential clients in other countries.

Latin America remains a key growth region for online gaming. Mexico is currently in Playtech's top five regulated markets by player jurisdiction (as of 2017). This follows the growth of franchisee Caliente, which expanded its relationship with PlayTech in the first half of 2018 by integrating the PlayTech BGT Sportsbook into existing Playtech casinos. With sports also developing in the region, Playtech has launched an integrated sportsbook for Sportium across retail and online environments. The strength of the business in Latin America positions Playtech well, with the potentially important markets of Peru and Brazil currently under regulatory review and representing significant opportunities.

Recent regulatory changes in the US represent a significant opportunity for the Group, with PlayTech currently applying for a license in New Jersey. PlayTech is now actively pursuing opportunities across the US and is making strategic choices within its technology stack to pursue joint ventures, partnerships and B2B deals with casino groups, media groups and existing international clients.

Update on negotiations with GVC

In recent months, Play Tech and GVC have begun discussions to expand existing relationships. Negotiations are currently underway, and the two companies will report to the market later. Play Tech believes that there is a great opportunity for the two to find ways to cooperate closely, given the status of competition in the UK and the online market and the expected regulations. The two parties can access PlayTech products and content, especially if the PlayTech does not provide products or content to the GVC brand, especially in the fascinating markets outside the UK, especially in the fascinating market outside the UK. I think there is a mutual useful way to do so.

At this time, no results are certain, but PlayTech is convinced that this consultation will bring great opportunities to both groups and benefit all stakeholders.

During this period, competition by new entry companies intensified in China, and as a result, the profit forecasts announced in the market in June were revised downwards. Activities in Malaysia are emphasized as headlines due to changes in the market environment and remain significantly lower than the previous year's 2016 years.

PlayTech has been operating in Asia for more than 10 years, and has pioneered the market in the area. At first, Play Tech has entered the Asian market by providing a live casino, and in recent years has become increasingly popular with slot content due to global trends.

In Asia, Play Tech is operated of f-base in the Philippines and is approved as a B2B service provider under the Philippine regulatory authorities Pagcor. Play Tech deals directly with a major global B2C operator in other jurisdictions, but most of the business in Asia gains access to a fragmented market. It is performed through the tar. In recent months, Play Tech and GVC have begun discussions to expand existing relationships. Negotiations are currently underway, and the two companies will report to the market later. Play Tech believes that there is a great opportunity for the two to find ways to cooperate closely, given the status of competition in the UK and the online market and the expected regulations. The two parties can access PlayTech products and content, especially if the PlayTech does not provide products or content to the GVC brand, especially in the fascinating markets outside the UK, especially in the fascinating market outside the UK. I think there is a mutual useful way to do so.

At this time, no results are certain, but PlayTech is convinced that this consultation will bring great opportunities to both groups and benefit all stakeholders.

In Asia, Play Tech is operated of f-base in the Philippines and is approved as a B2B service provider under the Philippine regulatory authorities Pagcor. Play Tech deals directly with a major global B2C operator in other jurisdictions, but most of the business in Asia gains access to a fragmented market. It is performed through the tar. In recent months, Play Tech and GVC have begun discussions to expand existing relationships. Negotiations are currently underway, and the two companies will report to the market later. Play Tech believes that there is a great opportunity for the two to find ways to cooperate closely, given the status of competition in the UK and the online market and the expected regulations. The two parties can access PlayTech products and content, especially if the PlayTech does not provide products or content to the GVC brand, especially in the fascinating markets outside the UK, especially in the fascinating market outside the UK. I think there is a mutual useful way to do so.

At this time, no results are certain, but PlayTech is convinced that this consultation will bring great opportunities to both groups and benefit all stakeholders.

Price competition is intensifying due to the increase in new entry companies in China. Competition in the area is likely to continue, but management does not believe that the current price environment is sustainable. Therefore, Play Tech has decided not to change the price level in Asia, and instead focused on the response to emphasize the highly positioned content provision in the area. Play Tech has released some new games, focuses on branded game content, and strengthens support for local partners to provide another progressive jackpot in Play Tech. I did. In addition to this, Play Tech has also participated in the promotion, providing Interior Programs to License, and has supported the Play Tech content promotion activities. The plan will be expanded in the next few months and will provide more incentives to advertise PlayTech content.

The task faced this period in China is unique to the region, and there is no risk of pollution in the regulated business part. Since the Asian market is fragmentary and underdeveloped, Play Tech adopts B2B conten t-only models and provides casino games in standalone without using dat a-type dat a-type services and bac k-end tools of the IMS platform of the PlayTech. I am doing it.

As a result, the operators in this area do not depend on the software or services of the missio n-critical platform, which is the core of the more developed market models, such as regulatory and regulatory markets. The barrier is low. In addition, in addition to tax costs in the regulatory market, companies need to integrate bac k-end software and tools into regulatory monitoring systems and maintain regulatory frameworks compliant in multiple diverse regulatory systems and market. Yes, this is reflected in the strategic approach of the aforementioned PlayTech. Price competition is intensifying due to the increase in new entry companies in China. Competition in the area is likely to continue, but management does not believe that the current price environment is sustainable. Therefore, Play Tech has decided not to change the price level in Asia, and instead focused on the response to emphasize the highly positioned content provision in the area. Play Tech has released some new games, focuses on branded game content, and strengthens support for local partners to provide another progressive jackpot in Play Tech. I did. In addition to this, Play Tech has also participated in the promotion, providing Interior Programs to License, and has supported the Play Tech content promotion activities. The plan will be expanded in the next few months and will provide more incentives to advertise PlayTech content.

As a result, the operators in this area do not depend on the software or services of the missio n-critical platform, which is the core of the more developed market models, such as regulatory and regulatory markets. The barrier is low. In addition, in addition to tax costs in the regulatory market, companies need to integrate bac k-end software and tools into regulatory monitoring systems and maintain regulatory frameworks compliant in multiple diverse regulatory systems and market. Yes, this is reflected in the strategic approach of the aforementioned PlayTech. Price competition is intensifying due to the increase in new entry companies in China. Competition in the area is likely to continue, but management does not believe that the current price environment is sustainable. Therefore, Play Tech has decided not to change the price level in Asia, and instead focused on the response to emphasize the highly positioned content provision in the region. Play Tech has released some new games, focuses on branded game content, and strengthens support for local partners to provide another progressive jackpot in Play Tech. I did. In addition to this, Play Tech has also participated in the promotion, providing Interior Programs to License, and has supported the Play Tech content promotion activities. The plan will be expanded in the next few months and will provide more incentives to advertise PlayTech content.

The content only model is also reflected in the structure of the transaction agreement in this area. The Asian market is very subdivided, and the reach to a small operator site depends on multiple distributors, so PlayTech has a thir d-party distributor to reach content grigators, su b-ricencies, and operator sites. I am doing it. This is out of the PlayTech core model, and these sites can receive content from multiple sources and content providers without violating the monopoly contract. For this reason, the relationship is not so strong compared to the relationship with PlayTech's Licensee in a more advanced market.

PlayTech continues to monitor Asia's trends carefully, and continues to see that the current execution rate has commercial interests in business management in the area. Some of the PlayTech models use hig h-level cash generation in hig h-level cache generations like Asia, continuously grow the scale and distribution of PlayTech platforms, and PlayTech. Providing a variety of functions driven by data to become the main technology specialists in the regulated market.

PlayTech IMS platform

PlayTech's Information Management Service (IMS) platform is one of the most powerful player management systems in the industry, supplying power to the innovative omnichanel technology in the industry. PlayTech promises to continue to expand the Dat a-led dat a-led data of PlayTech's IMS in order to maintain its position as a leading technology provider in the gaming industry.

In the first half of 2018, Play Tech introduced the "Smart Border" in the dat a-driven service in the Platech BI (Business Intelligence) tools available on the platform. The industry standard in play is to have the upper limit of the game value that has been strictly defined in advance. Play Tech BI has introduced a system that derives the optimal limit to specific players in specific games, from multiple parameters and data input, including the history of the player, the current balance, active bonuses, and active. This is the further innovation of the PlayTech's ability to provide completely customized customer journey in the vertical direction of all channels, with the powerful data acquired throughout the PlayTech ecosystem.

In the first half of 2018, Playtech announced a new player loyalty platform as the next phase of IMS development. The new loyalty platform will enable B2C brands to act on user data in real time with live in-game and multi-channel offline messaging. The project was completed in line with new UK regulators and markets authority requirements for bonus communications and continues Playtech's commitment to deliver technology that is aligned with and ahead of regulation.

A key part of the new loyalty platform was the continued integration of industry-leading responsible gaming technology provided by BetBuddy. PlayTech acquired the data analytics and AI company in late 2017 and completed the integration of BetBuddy into IMS in the first half of this year. The integration of BetBuddy forms a central part of the launch of the engagement platform's new messaging capabilities, which will enable B2C brands to respond to user behaviour and communicate in real time with end customers, from Q3 2018, with Betbuddy's risk retention and data analytics.

Gaming Division Performance

The 25% decrease in casino revenue was driven by a decline in Asian casino market dynamics which changed during the period, with a tough like-for-like comparison to the first half of 2017, which included a larger contribution from Malaysia and, as announced at the time, an unusually active period in the rest of Asia.

There is good momentum in the casino business outside of Asia, with casino revenue outside of Asia growing 6% year-on-year in constant currency terms in the first half of 2018.

New business contribution increased 37% in the first half of 2018, as the new franchisee pipeline returned to its previous strong run-rate. The first half of 2018 was driven by new casino agreements with Barcelona and Veikkaus in Finland.

In the casino vertical, operational momentum continued in the first half of 2018 with 32 new games launched in the first half of the year, including a Sports Legends progressive jackpot suite across Frankie Dettori, Ronnie O'Sullivan and football games, designed to drive sportsbook cross-selling during the soccer World Cup. New content launches and specially incorporated content across all verticals, such as World Cup-designed content, are a key indication of the continued product and content innovation required to deliver exciting and relevant content to regulated markets.

Further progress through innovation was evident in the first half of the year through GPA (Playtech's Gaming Platform as a Service). During this period, Playtech signed up 15 existing licensees to use GPAs, with licensees not yet live in the first half starting in Q3 2018. GPAS was developed to continue to evolve the way game content is designed and created, ultimately expanding the use of Playtech's technology across the industry and increasing the scale and reach of Playtech's platform. GPAS technology and proprietary mathematical engines enable third parties (operators, content providers, developers) to build high-quality HTML5 games using a simple drag-and-drop user interface, or submit existing content for distribution across any channel through Playtech's global network. GPAS technology has been developed using Playtech's omnichannel approach, allowing seamless deployment across retail and online. Traditionally, converting a popular online game into a retail game required two technical teams and two development teams, which was costly and inefficient. After completing its move to the new live casino venue market in Riga in 2017, PlayTech was able to continue to drive product innovation in live concepts, games and features. Migrating from the powerful PlayTech IMS player management platform and data-driven business intelligence technology, PlayTech Live Casino is fully integrated into the Playtech platform and casino services. During this period, Ladbrokes Coral launched a dedicated World Cup sports area on its integrated betting site. In addition to this, seasonally relevant experiences were available, such as Cheltenham Roulette, Chinese New Year, a disco area and the World Cup.

The move to the new venue was followed by an increase in the number of dedicated tables and new live licenses. During the period, Playtech launched new dedicated tables for Sisal, Sports Interaction, Mansion and casino. com. Additionally, in the first half of 2018, Betfred partnered with Playtech Live to offer dedicated areas for Roulette and Blackjack.

Playtech BGT Sports (PBS)

Sports profits increased by 27 % in the first half of 2018 to 46. 7 million euros, up 29 % at the permanent exchange rate, the largest in the B2B gaming of all B2B gaming. The establishment of PBS has become a major strategic milestone for PlayTech in 2017, and sports will be one of the most fas t-growing industries for Play Tech for the next few years.

The increase in sales in the first half of 2018 was due to the organic growth of the retail business, especially the continuous growth and contribution of PBS. In addition, online profits have increased in response to new online trading, such as Magic Betting, announced in 2017. In the retail business, in the past 12 months, the Company has increased betting entry points by 48%, providing a liv e-betting fee and terminal of about 40. 000 worldwide. In the UK and Ireland, PBS currently has the largest retail distribution network with over 20. 000 betting entry points.

In the first half of 2018, Play Tech deepened his relationship with OPAP and continued to develop SSBT and OTC stores throughout OPAP. 12. 000 betting entry points nationwide. PBS has announced that the OPAP stores will begin to expand the overwhelming betting unit before and during the game in the Greek market as a whole.

In the first half of 2018, PBS made a landmark trading of Portugal's largest gaming and betting companies, Sociedade de Apostas Sociais (SAS), providing new sports betting services and IMS platforms. The main shareholder of SAS is Santa Casa Da Misericórdia de Lisboa, a national lottery company in Portugal. The PBS Online Sports Book began with SAS in June 2018 after the acceleration project to broadcast the FIFA World Cup in 2018, and SAS has 20. 000 new registration first pigors in the first month of the start of transactions. I got it. In Europe, PBS has continued to grow in Spain with CODERE Andalusia, and now has more than 1. 000 terminals in the area.

In Latin America, the main target market, PBS continues to establish a strategic status. In the first half of the year, PBS has signed a contract for Sportium Colombia to provide integrated retail and digital sportsbooks through the provision of SSBT, OTC services, and online sportsbooks. PBS services have been approved as a complete complaint by Colombian regulatory authorities. Colombia first announced a plan to regulate online gambling in 2016, and the first license was issued in 2017. In Latin America, PlayTech has deepened his relationship with Mexico's keychain, Caliente. PlayTech has been affiliated with Caliente in online casino games since 2014, has been developing digital sportsbooks in 2017 since the integration of PBS, and in 2018, the first SSBT installed in the Caliente casino. Integrated into services.

PBS has continued to develop innovative new content and technology, promotes increased franchisie profits, and continues to promote innovation in the sports industry. With the integration of PBS with the Plaptech IMS platform, PBS can now provide omn i-channel sports products that span retail and online. "TRACK SSBT BET" "EXCAL OUT" The function of "function is integrated with the operator application or PBS's" BET TRACKER "products, and operators around the world can now be used. In addition, in the FIFA World Cup At the same time, PBS has launched a new "Match Acca" product in a retail and digital sports book. The Match Acca "Match Acca" makes it possible that the end user combines multiple purchases in the same event to create an Accumerator bag at a single price. For example, a customer during the match between Manchester United and Watford. Can be bet on 2: 2 correct score, United's first goal, Dinnie's first goal, and 5 corners with less than 10 points.

The transition to the no n-regulated market to the regulatory market was the most prominent on the service revenue line, and the declining revenue of the previous report continued throughout the first half of 2018. The revenue decreased by 18 % compared to the first half of 2017 on a report.

The progress of regulatory service income has been focused on regulatory activities in Spain, Mexico, Colombia, and Portugal, so new businesses have increased by 12 %, and this period was seen during this period. In addition, the increase in live services of bedfred and Radbroks has increased regulatory services.

Bingo Vertical saw a slight decrease of 2% in reported revenue, but at constant exchange rates, there was no change as revenue was flat against the first half of 2017 figures. This follows the high growth in bingo revenue experienced in 2017, which saw player numbers in Playtech's bingo vertical reach a four-year high.

In Bingo, there was significant progress on the functionality front, with the migration from Flash to HTML5 now 98% complete, dramatically improving mobile performance for Bingo games, ultimately enhancing the ultimate customer experience. Mobile devices now account for 62% of bingo revenue, and the completion of the migration to HTML5 marks a key milestone for this product area. In addition, strategic progress was made regarding Italian bingo content in preparation for the PBAD3 regulatory changes. The Italian regulatory changes update laws originally designed to govern the retail environment, allowing a wider range of online games, prizes, and will now be controlled by operators rather than regulators. Given the focus on Italy as a key growth market for existing licensees, this was a significant operational achievement and positioned PlayTech well for further advancements in Italian bingo.

In June 2018, Playtech announced that it had signed a long-term, multi-year agreement to become the exclusive UK bingo and casino platform for Gala Leisure's new Buzz Bingo brand. Through PlayTech, Buzz Bingo customers will access omni-channel content through a single account and wallet on electronic bingo terminals (EBTs) in Gala Leisure's bingo and mobile rooms.

Poker is an important part of the PlayTech One offering, with PlayTech continuing to offer the industry's largest open and "thick" poker network. While the broader online poker market remains challenging, Playtech's poker division grew modestly by 3% at constant exchange rates compared to the first half of 2017, following a return to growth in the division reported in its full-year 2017 results.

"Other" revenue increased 21% at constant exchange rates to €12 million in the first half of 2018. The majority of revenue within the "Other" reporting line is due to Playtech's retail casino software, land-based casino management systems. The increase in reported revenue is primarily due to a new contract signed in February 2018 to supply casino management systems to 100 Olympic Entertainment Group casinos in five countries.

The acquisition of Snaitech, which closed on June 5, 2018, creates Italy's first fully integrated retail and online gaming company, giving Playtech a cornerstone presence in one of its key target markets. Playtech will leverage its omnichannel technology stack to capitalize on online growth opportunities in one of the world's largest gaming markets, where online penetration remains low at 7% of total gaming revenue in 2017. The acquisition of Snaitech was a key strategic achievement in the first half of 2018, providing Playtech with a significant increase in scale and distribution capabilities in a regulated, high-growth market.

Regulation in the gambling industry continues to be one of the key market drivers shaping the industry's growth and development. Playtech announced its acquisition of Snaitech in April, when it was widely expected at the time that the parties that make up Italy's current coalition government would also form the future government. Playtech has significant experience driving growth in the highly regulated UK market, and Snaitech has significant understanding and experience of working with Italian regulators. Management believes that the combination of Playtech and Snaitech's businesses will enable it to realize shareholder value and capitalize on the significant opportunities for online growth in the current market dynamics.

In particular, as part of the recent Decreto Dignita, Parliament finally approved a ban on advertising all forms of gambling in August, which will become fully effective in July 2019. One of the rationales for the acquisition of Snaitech was the strength of its retail network and the appeal of the Snai brand. Management believes that the advertising ban will encourage market consolidation in a fragmented online market by established brands, which will be able to benefit and gain market share in the online market. In addition, there is the possibility of further regulation in Italy, which may contribute to Playtech's strengths. Italy may issue ID cards for all gamblers in 2020, retail and online account cards with all channels are an important part of Playtech's offering, and Playtech's capabilities in responsible gambling and regulatory reporting software will benefit Playtech and its partners in all regulated markets.

PlayTech was successfully acquired by Snaitech S. P. A on August 3, 2018, and Snaitech became a subsidiary of PlayTech, and succeeded in acquiring Borsa Italiana. Snaitech's achievements are included in PlayTech's consolidated financial statements on June 5, 2018, the date of the acquisition.

On August 3, 2018, Snaitech reported the si x-month intermediate achievements on June 30, 2018. Group total sales were increased by 1, 5 % to 444, and 1 million euros by increasing the number of online betting and online gaming, the decrease in sports betting, and the decrease in VLT payments. PlayTech's consolidated revenue is 61. 3 million euros, and EBITDA for Snaitech's first half of 2018 is 11. 8 million euros.

White Label: Sun Bingo Update

SUN BINGO's white label contract is still in the red, which is due to the structure of the contract, not due to recent business results. As mentioned earlier, this contract has started a difficult start, and the revenue started with a much lower base than in the financial finances, but since then the business performance has been encouraging, and the PlayTech in the first half of 2018. The constant currency recorded 25 % of Sun Bingo revenue.

Negotiations with NEWS UK to fix the current contract about Sun Bingo are still progressing. PlayTech believes that the newly negotiated contract is beneficial for both parties, and that PlayTech will continue to grow the Sun Bingo business and achieve positive investment ratings (ROI). This negotiations is more tim e-consuming than the previously shown, as the NEWS UK reviewed the SUN's betting business SUN. At this time, we believe that any results are not certain, but in response to the strong achievements of the Sun Bingo business and the future potential of PlayTech, we have the opportunity for both businesses to reach useful transactions.

Casual Others

The casual game under the B2C line has decided to reduce the marketing cost of NARCOS casual games that have been attracting attention so far to focus on marketing and development of more wider game portfolios, so in the first half of 2017, in the first half of 2017. Compared, the permanent exchange rate decreased by 40 %.

Trade Tech Tea m-PlayTech's financial division

The Trade Tech Group grew strongly in the first half of 2018 with organic growth and further acceleration by acquisition. The division has achieved a strong growth of 37%on the report basis and 72%of EBITDA after adjustment, and is a powerful power of 22%and 56%for both items, including ACM's first half of 2017. Achieved growth.

As shown in the financial results, trade tech continued to improve the profit margin, both in the scale of the scale and the further efficiency and cost reductions realized in the business.

Regulation in the financial transaction sector

Trade tech has a CYSEC and FCA license, a local license in South Africa regulated by FSB and Australian licenses regulated by ASIC, to advance to these jurisdictions in Business. com B2C. I will report that the foundation has been set.

During this time, the European Securities and Market Agency (ESMA) has adopted measures to restrict CFD marketing, distribution, and sales to individual customers on August 1, 2018. Trade Tech's B2C business is fully compliant with these measures in accordance with regulations, and the business is in the market for future growth. Management believes that trade tech has an important experience, governance process, and balance sheets to support regulations and continue to respond to complaints.

The B2C business, which manages the Markets. com brand, has increased the top line by 34 % to $ 28. 1 million. In addition, the increase in customer transactions through our own technology and trading tool has recorded significantly to $ 132. 3 billion, up 52 %.

During the first half of the year, in preparation for new regulations released by ESMA, management has decided to take a cautious approach to marketing costs for new customers. Management stated that the regulations are likely to affect the indicators of the "customer lifelong value" and the "customer acquisition unit price" in the entire market. As a result, the growth of new customers during the current term has slowed. However, it is encouraging that existing customers have increased significantly to 32 %.

Trading Tech Group's B2B business Trade Tech Group has grown strongly in the first half of 2018 with organic growth and further acceleration by acquisition. The division has achieved a strong growth of 37%on the report basis and 72%of EBITDA after adjustment, and is a powerful power of 22%and 56%for both items, including ACM's first half of 2017. Achieved growth.

As shown in the financial results, trade tech continued to improve the profit margin, both in the scale of the scale and the further efficiency and cost reductions realized in the business.

Regulation in the financial transaction sector

During the first half of the year, in preparation for new regulations released by ESMA, management has decided to take a cautious approach to marketing costs for new customers. Management stated that this regulation is likely to affect the indicators of "customer lifelong value" and "customer acquisition unit price" in the entire market. As a result, the growth of new customers during the current term has slowed. However, it is encouraging that existing customers have increased significantly to 32 %.

Trading Tech Group's B2B B2B Trading Tech Group grew more powerfully in the first half of 2018, with organic growth and further acceleration by acquisition. The division has achieved a strong growth of 37%on the report basis and 72%of EBITDA after adjustment, and is a powerful power of 22%and 56%for both items, including ACM's first half of 2017. Achieved growth.

As shown in the financial results, trade tech continued to improve the profit margin, both in the scale of the scale and the further efficiency and cost reductions realized in the business.

Regulation in the financial transaction sector

Trade tech group B2B business

In the B2B business division, the first half of 2018 showed significant growth on a report and verbal basis. The total revenue increased by 39%, 15%, and the quantity increased by 109%on a profile basis, which increased the amount of transactions from B2B customers in 6 months in 2018. Ta. These results show a healthy profit growth trajectory following the increase in transactions from our three subscriptions of our B2B services.

Trading Tech's management believes that these results have been implementing the B2B strategy of PlayTech, which will become a broker provider chosen in the financial trading industry. The acquisition of CFH and trading tech Alpha complements existing fron t-ends and backend technologies, unique trading and CRM systems for fluid control, risk management, rea l-time risk application, etc. We have provided and enabled en d-t o-end solutions for brokers. Trade Tech's strategy is to continue defining its abilities throughout the financial trading industry.

Review of the highest finance officer

Display of business performance

In order to express the transaction and performance of the Group's transactions and achievements most, the directors, from the reported figures, amortization of intangible assets, specialist reimbursement, call options, employe e-related expenses, financial costs, and financial costs, We believe that specific no n-cash items and transient items should be excluded, such as fluctuations in accomplishments associated with the acquisition, and erasure of the fluctuations in the fair value of recognized stock investment.

Therefore, the Board of Directors will make business transactions more accurate for eBitDa and network after adjustment (including the rea l-values fluctuations recognized in the current fiscal profit statement of the quadritated financial product disposed of during the current period). We believe that the Board of Directors is a major performance index used to evaluate the group's financial performance. The complete adjustment between the actual performance and the performance after the adjustment is described in the following financial statements. B2B's business division also showed significant growth in the first half of 2018 on a report and verbal basis. The total revenue increased by 39%, 15%, and the quantity increased by 109%on a profile basis, which increased the amount of transactions from B2B customers in 6 months in 2018. Ta. These results show a healthy profit growth trajectory following the increase in transactions from our three subscriptions of our B2B services.

Review of the highest finance officer

Therefore, the Board of Directors will make business transactions more accurate for eBitDa and network after adjustment (including the rea l-values fluctuations recognized in the current fiscal profit statement of the quadritated financial product disposed of during the current period). We believe that the Board of Directors is a major performance index used to evaluate the group's financial performance. The complete adjustment between the actual performance and the performance after the adjustment is described in the following financial statements. In the B2B business division, the first half of 2018 showed significant growth on a report and verbal basis. The total revenue increased by 39%, 15%, and the quantity increased by 109%on a profile basis, which increased the amount of transactions from B2B customers in 6 months in 2018. Ta. These results show a healthy profit growth trajectory following the increase in transactions from our three subscriptions of our B2B services.

Review of the highest finance officer

Display of business performance

In consideration of the fluctuations in the exchange rate during the period, the basic performance is excluded from the acquisition in order to reflect the transaction performance and performance of the Group more appropriately, and is displayed in connection with the above indicators on a constant exchange rate. I am.

The reported total revenue increased by 4%, and EBITDA decreased by 15%after adjustment. The reported net income reported by 34%, mainly, due to a decrease in profits from Asia. In the permanent exchange rate, revenue increased by 6%, EBITDA decreased by 13%after adjustment, and net income decreased by 38%after adjustment.

On June 5, 2018, PlayTech completed 70. 6 % of Snaitech. PlayTech also acquired 10, 8 % of Snitech's issued stocks before June 5 and the end of the current fiscal year. As of June 30, 2018, PlayTech has 81, 4 % of Snaitech's issued equity capital. Snaitech's balance sheet and profit and loss statement have been included in PlayTech's performance since June 5, 2018, the date of the acquisition. On July 26, the company completed 15 and 1 % of Snaitech shares by forced public purchase and additional shares. On August 3, 2018, the company completed 100 % of Snaitech and abolished listing from the Italian exchange.

PlayTech has continued to generate cache, with a pure cash from sales of € 51 to € 147. 33 million in the first half of 2017. Increased cash includes 35. 4 million euros from Snai from the return of the "deposit" from the Italian regulatory authorities ADM. The deposit to the regulatory authorities is part of the concession program, which is returned when the minimum service level is achieved. Except for the sales cash flow created by Sneitech, the operating cash flow is € 168. 9 million, except for cash movements that are not reflected in EBITDA after coordination, such as fluctuations in customer debt in jackpots, 101 % of EBITDA after adjustment. It will be a conversion. Changes in deposits and customer capital. In consideration of fluctuations in the exchange rate during the period, the basic performance is associated with the above indicators on a constant exchange rate, excluding the acquisition in order to reflect the transaction results and business performance of the group more appropriately. Is displayed.

The reported total revenue increased by 4%, and EBITDA decreased by 15%after adjustment. The reported net income reported by 34%, mainly, due to a decrease in profits from Asia. On a permanent exchange rate base, revenue increased by 6%, EBITDA decreased by 13%after adjustment, and net income decreased by 38%after adjustment.

PlayTech has continued to generate cache, with a pure cash from sales of € 51 to € 147. 33 million in the first half of 2017. Increased cash includes 35. 4 million euros from Snai from the return of the "deposit" from the Italian regulatory authorities ADM. The deposit to the regulatory authorities is part of the concession program and is returned when the minimum service level is achieved. Except for the sales cash flow created by Sneitech, the operating cash flow is € 168. 9 million, except for cash movements that are not reflected in EBITDA after coordination, such as fluctuations in customer debt in jackpots, 101 % of EBITDA after adjustment. It will be a conversion. Changes in deposits and customer capital. In consideration of the fluctuations in the exchange rate during the period, the basic performance is excluded from the acquisition in order to reflect the transaction performance and performance of the Group more appropriately, and is displayed in connection with the above indicators on a constant exchange rate. I am.

On June 5, 2018, PlayTech completed 70. 6 % of Snaitech. PlayTech also acquired 10, 8 % of Snitech's issued equity by market purchase before June 5 and the end of the current fiscal year. As of June 30, 2018, PlayTech has 81, 4 % of Snaitech's issued equity capital. Snaitech's balance sheet and profit and loss statement have been included in PlayTech's performance since June 5, 2018, the date of the acquisition. On July 26, the company completed 15 and 1 % of Snaitech shares by forced public purchase and additional shares. On August 3, 2018, the company completed 100 % of Snaitech and abolished listing from the Italian exchange.

As shown in the financial results, trade tech continued to improve the profit margin, both in the scale of the scale and the further efficiency and cost reductions realized in the business.

Constant Exchange Rates

Casual & Other B2C

Casino decreased 25% in 1H 2018 and 23% on a constant currency basis. The casino decrease was driven by a 41% decrease in revenue from Asia compared to 1H 2017. The decrease in Asia was offset by a 9% increase in regulated revenue, which represented 39% of total casino revenue in 1H 2018. Mobile casino revenue continued to grow, increasing 23% compared to 1H 2017. Total mobile penetration in 1H 2018 was 60% compared to 37% in 1H 2017, driven primarily by mobile revenue growth and penetration in Asia and Europe outside the UK.

Sports revenue increased 29% in 1H 2018 on a constant currency basis and 27% on a reported basis. The increase was driven by a 24% increase in sports retail revenue, driven primarily by revenue from OPAP agreements, Mexico, Belgium and the UK. Mobile revenues increased by more than 30%, primarily from the UK and Mexico.

Regulation in the financial transaction sector

Bingo revenues were flat in constant currencies and decreased 2% on a reported basis.

Poker reported revenues increased 2% compared to the first half of 2017, and increased 3% on a constant currencies basis. Revenue growth continues to be driven by growth in regulated markets, with regulated revenues representing 68% of total poker revenues in the first half of 2018 compared to 60% in the first half of 2017.

Other revenues increased 20% primarily due to higher revenues from IGS casino management systems, Betbuddy and Beehive. Underlying revenues at constant exchange rates, excluding acquisitions, increased 17% compared to the first half of 2017.

Snaitech was consolidated from 5 June 2018 and Playtech held 81% as of 30 June 2018. On 26 July, Playtech acquired an additional 15% and on 3 August, Playtech acquired the remainder, bringing its holding to 100%, at which point Snaitech was also derecognized.

Snaitech's total revenues for the first half of 2018 increased 1. 5% year-on-year to €444 million. The positive impact on revenue from higher wagers from online betting and online gaming, lower sports betting payouts and lower VLT payouts was partially offset by the increase in PREU tax rates on AWP and VLT and lower wagers from gaming machines. In line with Snytec's strategy, the increase in Adjusted EBITDA was significantly outweighed by increased revenue from internet growth, lower sports betting revenue and the latter part of synergies arising from the merger with Kogemat Group.

Sun Bingo revenue increased significantly by 25% and 28% in constant currencies. The growth reflects our continued focus on targeted, data-driven marketing.

Casual & amp; Other B2C

Casual & amp; Other B2C revenue decreased 15% and 44% excluding acquisitions. The decrease was primarily due to lower casual revenues following the expected decline in revenues from the "Narcos" game as marketing efforts shifted to focus on new casual games.

TradeTech Group's revenues for the first half of 2018 were 52. 3 euros, up 16% compared to the first half of 2017. TradeTech Group's functional currency is the US dollar and taking into account revenues in US dollars, growth was 37% in the first half of 2018; reflecting growth in both the B2B and B2C segments due to higher transaction volumes.

Adjusted EBITDA & amp; Adjusted EBITDA margin

Employee stock option expense

Acquisition professional expenses

Additional consideration paid for put/call options

Restructuring expenses

Adjusted EBITDA margin

Adjusted EBITDA (constant exchange rates)

Adjusted EBITDA margin (constant exchange rates)

EBITDA related to acquisitions at constant exchange rates

Underlying adjusted EBITDA

Underlying adjusted EBITDA margin

Snaitech, which has been consolidated since June 5, 2018, has contributed to EBITDA by 11. 8 million euros after adjusting the group. After basic adjustment, EBITDA decreased by 20 % compared to the first half of 2017, mainly due to the decrease in profits from Asia, which is also the reason for the decrease in EBITDA margins after basic adjustments.

After adjusting the Trade Tech Group, EBITDA was 25 million euros, compared to the first half of 2017, in the first half of 2017. After adjustment, the improvement of EBITD A-yea r-end yea r-o n-year improvement is the result of maintaining a powerful and efficient basic cost base to increase the amount of transactions, contribute to the acquisition, and support revenue growth.

Operating expenses

R & D expenses

Sales and marketing

Total B2B game

Casual and other B2C

R & D expenses (R & D expenses) include employe e-related expenses, specialized teams direct expenses, and proportional distribution offices. Expenditures on R & D expenses are included in R & D expenses. A, a wide range of investments in Play Tech One Solutions in Play Tech Platform, Innovation, and Sports, increased its asset development costs by 13 % in the first half of 2018 to € 38 million. The asset development cost was 35 % of the total R & D costs of the Gaming B2B in the same period (25 % in the same period of the previous year). R & amp; D costs were 1 % down by 1 % compared to the first half of 2018 and the first half of 2017, which is mainly due to the fact that R & Amp; AMP; A fell 14 %. Employe e-related costs have only increased by 2 %.

In the operating expenses, employees and their direct expenses, marketing operating expenses, hosting, thir d-party license fees, brand content, terminal hardware costs, maintenance, food spending, chat moderator, and proportional administrative expenses Includes. Opening costs increased by 1 % from 81 million euros to 82. 4 million euros in the first half of 2018, except for new acquisitions. The main difference in operating costs is the increase in terminal hardware (IGS), which is in line with the increase in related revenue. It was offset by a decrease in resale fees associated with the fees paid to the brand owner and the license provision of Marvel, and further reduction of office expenses.

Management costs decreased by 8 % due to the increase in employe e-related expenses, office expenses, and other specialized service expenses due to the increase in compliance costs.

Sales and marketing costs mainly include employe e-related expenses, direct expenses, marketing costs, and exposure costs. Sales and marketing costs increased by 15%to 11. 3 million euros. This increase is mainly due to employe e-related and exposure costs.

The increase in B2C is due to the acquisition of Snaitech, which was connected 100 % of Snaitech's business on June 5, 2018.

The main reasons for the decrease in the cost of Sun Bingo were due to an increase in the minimum warranty paid to News and a decrease in employe e-related expenses, but was offset by an increase in gaming tax. Ta .

Casual & AMP? Other B2Cs were mainly increased by acquisitions. Excluding acquisitions, casual &? Other B2C gaming operating costs have decreased 14 % due to a decrease in revenu e-based costs, mainly consistent with the decrease in revenue.

Opening costs in the financial sector decreased by 2. 1 million euros in the first half of 2018. However, the US dollar base contained ACM in the first half of 2018, and costs after adjustment increased by 17, 5 %. Excluding ACM costs, the same adjustments after adjustment of the Trade Tech Group's US dollar base were relatively stable compared to the same period of the previous year.

Depreciation, depreciation, depreciation expenses, financial revenue, financial costs and taxes

The depreciation cost in the first half of 2018 increased 26%to € 16. 4 million. Excluding acquisitions, depreciation costs 14%.

Except for amortization of intangible assets associated with the acquisition, and depreciation expenses and depreciation expenses increased by 19%to 19. 4 million euros, with the increase in development costs.

The pure amount after the adjustment of financial costs was 2 million euros, compared to 12 million euros in the first half of 2017. The decrease in costs was that the exchange rate in the current fiscal year was 01 million euros, and the dividends from Laddbroks were € 509 million, mainly for losses of 13 million euros in the first half of 2017. : The increase of 30 million euros) was offset by borrowings procured to procure the acquisition of Snaitech and the increase in interest rates due to borrowings held by Sneitech. Sales and marketing costs mainly include employe e-related expenses, direct expenses, marketing costs, and exposure costs. Sales and marketing costs increased by 15%to 11. 3 million euros. This increase is mainly due to employe e-related and exposure costs.

The increase in B2C is due to the acquisition of Snaitech, which was connected 100 % of Snaitech's business on June 5, 2018.

Depreciation, depreciation, depreciation expenses, financial revenue, financial costs and taxes

The depreciation cost in the first half of 2018 increased 26%to € 16. 4 million. Excluding acquisitions, depreciation costs 14%.

The pure amount after the adjustment of financial costs was 2 million euros, compared to 12 million euros in the first half of 2017. The decrease in costs was that the exchange rate in the current fiscal year was 01 million euros, and the dividends from Laddbroks were € 509 million, mainly for losses of 13 million euros in the first half of 2017. : The increase of 30 million euros) was offset by borrowings procured to procure the acquisition of Snaitech and the increase in interest rates due to borrowings held by Sneitech. Sales and marketing costs mainly include employe e-related expenses, direct expenses, marketing costs, and exposure costs. Sales and marketing costs increased by 15%to 11. 3 million euros. This increase is mainly due to employe e-related and exposure costs.

The increase in B2C is due to the acquisition of Snaitech, which was connected 100 % of Snaitech's business on June 5, 2018.

Depreciation, depreciation, depreciation expenses, financial revenue, financial costs and taxes

The depreciation cost in the first half of 2018 increased 26%to € 16. 4 million. Excluding acquisitions, depreciation costs 14%.

The pure amount after the adjustment of financial costs was 2 million euros, compared to the first half of 2017 for the first half of 2017, for the first half of 2017. The decrease in costs was that the exchange rate in the current fiscal year was 01 million euros, and the dividends from Laddbroks were € 509 million, mainly for losses of 13 million euros in the first half of 2017. : The increase of 30 million euros) was offset by borrowings procured to raise the acquisition of Snetech and the increase in interest rates due to borrowings owned by Sneitech.

It is registered, managed, and dominated on Man Island, where the corporate tax rate is set to zero. The major trading subsidiaries of the group have been registered on either the man, organic, or Cyprus, which has a low effective tax rate or zero. Other subsidiaries related to the Group Development Center are located in other jurisdictions, operated on a cos t-based, and are taxed on residual interests. The tax cost was 9. 3 million euros after adjustment in the first half of 2018 (the first half of 2017: 5 million euros). This increase is mainly due to the increase in the validity of the PlayTech's effective tax rate, which is recognized in a highe r-tax revenge area and a highe r-tax jurisdiction area.

EPS after adjustment after adjustment and adjustment

Interprise profits belonging to the parent company owner

Amortization cost of intangible assets associated with acquisition

Employee stock option cost

Expert cost for acquisition

Business retract cost

Financial costs associated with acquisition

Fluctuations in the fair value of corporate bonds

Fluctuations in the fair value of stocks

Bond interest other than savings

Additional evaluation of position / call options

Intervised tax associated with the acquisition

Transition to extension and accidental price

Profit after adjustment-those by the parent company owner

After adjustment, basic EPS (unit: Euro St.)

After adjusting after adjustment, EPS (unit: Euro Sent)

Influence due to permanent replacement rate

Professional profit after coordinating to the owner of the parent company (constant currency basis)

Net income after adjusting with a constant currency related to the acquisition

Basic adjustment-after-year profits-Believer to the owner of the parent company

After adjustment, the EPS decreased by 34 %, and the EPS after the use of the permanent exchange rate, excluding the acquisition, was 37 % lower than the first half of 2017. After adjustment, the EPS after thinning will be calculated based on the 351. 9 million shares issued in the first half of 2018.

PlayTech has continued to have a high cash generation power and r e-provided a powerful sales cash flow of 222. 5 million euros and € 168. 9 million, excluding Snaitech.

Pure cash flow by sales activities

Progressive, operator jackpot, increase in deposit

Increase in customer deposits and customer ownership

Increase in cash / deposits and cash equivalents (pure amount) due to sales activities

After adjustment, it is registered, managed, and dominated on the man's island, where the corporate tax rate is set to zero. The major trading subsidiaries of the group have been registered on either the man, organic, or Cyprus, which has a low effective tax rate or zero. Other subsidiaries related to the Group Development Center are located in other jurisdictions, operated on a cos t-based, and are taxed on residual interests. The tax cost was 9. 3 million euros after adjustment in the first half of 2018 (the first half of 2017: 5 million euros). This increase is mainly due to the increase in the validity of the PlayTech's effective tax rate, which is recognized in a highe r-tax revenge area and a highe r-tax jurisdiction area.

EPS after adjustment after adjustment and adjustment

Interprise profits belonging to the parent company owner

Amortization cost of intangible assets associated with acquisition

Employee stock option cost

Expert cost for acquisition

Business retract cost

Financial costs associated with acquisition

Fluctuations in the fair value of corporate bonds

Fluctuations in the fair value of stocks

Bond interest other than savings

Additional evaluation of position / call options

Intervised tax associated with the acquisition

Transition to extension and accidental price

Profit after adjustment-those by the parent company owner

UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

After adjustment, basic EPS (unit: Euro St.)

Influence due to permanent replacement rate

Professional profit after coordinating to the owner of the parent company (constant currency basis)

Net income after adjusting with a constant currency related to the acquisition

Basic adjustment-after-year profits-Believer to the owner of the parent company

PlayTech has continued to have a high cash generation power and r e-provided a powerful sales cash flow of 222. 5 million euros and € 168. 9 million, excluding Snaitech.

Pure cash flow by sales activities

Progressive, operator jackpot, increase in deposit

Increase in customer deposits and customer ownership

Increase in cash / deposits and cash equivalents (pure amount) due to sales activities

After adjustment, it is registered, managed, and dominated on the Island, where the cash conversion corporation tax rate is set to zero. The major trading subsidiaries of the group have been registered on either the man, organic, or Cyprus, which has a low effective tax rate or zero. Other subsidiaries related to the Group Development Center are located in other jurisdictions, operated on a cos t-based, and are taxed on residual interests. The tax cost was 9. 3 million euros after adjustment in the first half of 2018 (the first half of 2017: 5 million euros). This increase is mainly due to the increase in the validity of the PlayTech's effective tax rate, which is recognized in a highe r-tax revenge area and a highe r-tax jurisdiction area.

EPS after adjustment after adjustment and adjustment

Interprise profits belonging to the parent company owner

Amortization cost of intangible assets associated with acquisition

Employee stock option cost

Expert cost for acquisition

Business retract cost

Financial costs associated with acquisition

Business retract cost

Fluctuations in the fair value of stocks

Bond interest other than savings

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Additional evaluation of position / call options

Intervised tax associated with the acquisition

Transition to extension and accidental price

Profit after adjustment-those by the parent company owner

After adjustment, basic EPS (unit: Euro St.)

After adjusting after adjustment, EPS (unit: Euro Sent)

Influence due to permanent replacement rate

Professional profit after coordinating to the owner of the parent company (constant currency basis)

Net income after adjusting with a constant currency related to the acquisition

Employee stock option cost

PlayTech has continued to have a high cash generation power and r e-provided a powerful sales cash flow of 222. 5 million euros and € 168. 9 million, excluding Snaitech.

Pure cash flow by sales activities

Progressive, operator jackpot, increase in deposit

Increase in customer deposits and customer ownership

Increase in cash / deposits and cash equivalents (pure amount) due to sales activities

Cash conversion after adjustment

Net income after adjusting with a constant currency related to the acquisition

Employee stock option cost

PlayTech has continued to have a high cash generation power and r e-provided a powerful sales cash flow of 222. 5 million euros and € 168. 9 million, excluding Snaitech.

Pure cash flow by sales activities

Progressive, operator jackpot, increase in deposit

Increase in customer deposits and customer ownership

(i) A up to 250 million euros revolving credit facility (with an extension of one year) available until April 2021. The interest paid for the loan frame is based on the margin of the Euro LIBOR interest rate. As of the report of the report, the credit slot was equivalent to 100 million euros, and the group repaid the remaining 100 million euros in August 2018.

(II) Bridge facility with a upper limit of 1, 04 billion euros by April 2020. As of the report, the credit slot is equivalent to 327 million euros. The interest paid by the loan is a margin based on the Euro Liber interest rate. After the 100%Snaitec acquisition was completed on August 1, bridge facility exceptional balance was 412. 23 million euros.

Through the acquisition of Snaitech, the Group acquired a bond loan. The bond was issued on November 7, 2016, with fixed interest rates of 32 million euros (6, 375 % coupons, full 2021) and 250 million euros (2021). After the acquisition by PlayTech, the issuer needs to provide a repayment option according to the dominance change clause within the bond, so the debt is displayed as a flowing debt as of the report date, and in accordance with the request of the IFRS No. 3 "Corporate Binding". It is recognized by fair value.

Snaitech announced on August 3, 2018, a change in rule change and an offer notification for purchasing advanced insured levels, and the expiration date of the offer is August 30, 2018. PlayTech withdraws funds from the available bridge loan according to the purchase price. Counterful cases and redemption debt increased to 180, 400 million euros, and the breakdown is as follows:

Citrative debt and redemption debt as of June 30, 2018

Maximum payment profit

5 million euros in the first quarter of 2018

2019 1st quarter 56 million euros

64, 8 million euros 2020 1st quarter

Additional evaluation of position / call options

Intervised tax associated with the acquisition

20 or 5 million euros in the third quarter of 2018

15 million euros in the second quarter of 2021

ECM Systems Holdings LTD

After adjusting after adjustment, EPS (unit: Euro Sent)

0 million euros and 8 million euros in the third quarter of 2019

14 million euros in the third quarter of 2020 in the third quarter of 2020

*After the end of the period with the icon Limited, the Annout contract was extended until the end of June 2021.

The Board of Directors adopts a progressive dividend policy that can reflect the growth of business and the creation of cache without being tied to fixed dividends, so the interim dividends are at the same level. It has been decided to maintain 12. 1 euros (first half of 2017: 12. 1 euros).

The final date of shareholders' currency selection that wants to receive dividends in Stirling is September 28, 2018 (Friday).

14 million euros in the third quarter of 2020 in the third quarter of 2020

Dividends

September 21, 2018 (Friday)

Currency selection date

Interprise profits belonging to the parent company owner

Amortization cost of intangible assets associated with acquisition

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS

Main risks and uncertainty

Risks relating to the gaming and financial divisions

§ Regulation - Licensing requirements

The Group has obtained a number of licenses from regulatory authorities for its activities. The loss of all or part of these licenses could have an adverse effect on the Group's revenue and/or reputation.

§ Regulation - Territorial requirements

New licensing regimes may impose conditions, such as the introduction of requirements to install significant technological infrastructure within the relevant territory and to establish and maintain real-time data interfaces with regulators. Such conditions could create operational challenges and prohibit licensees from offering the Group's full range of products.

Acquisition professional expenses

Weak consumer spending and macro-economic factors beyond Playtech's control could reduce consumer spending on gaming and financial transactions, reducing the Group's revenues.

§ Cash management - Acquisitions

Playtech has significant cash balances, which may be used to acquire other businesses. Such acquisitions may not deliver the expected synergies and/or benefits and could be destructive to shareholder value.

§ Cash management - Cash balances

Fluctuation in foreign exchange rates could affect the Group's financial position.

The Group's future success depends heavily on the continued service of its broader leadership team, including its executive directors, senior management and key executives. The development and retention of these employees, and the acquisition and integration of new talent, cannot be guaranteed.

The risk of disruption to the Group's operations, including from cyber-attacks, distributed denial of service (DDoS) attacks, technology failures and terrorist attacks, remains significant for the Group. System failures could have a significant impact on the services we provide to our franchisees.

§ Regulation - Data Protection

The new EU General Data Protection Regulation (GDPR) requirements came into force in May 2018. This imposes strict responsibilities on data controllers and processors with EU users, regardless of where the data is held or processed.

§ Regulation - Prevention of Financial Crime

New regulations are being developed that require companies to take measures to prevent financial crime. These include the new Anti-Money Laundering (AML) Directive, which came into force in June 2017, and improved Anti-Bribery and Corruption (ABC) regulations.

§ Intellectual property rights

The Group's primary commercial activity is the licensing of gaming software. The Group primarily owns the intellectual property rights (IP) for this gaming software, including IMS, which is important for maintaining a competitive advantage. Any allegations (by licensees or third parties) that the Group does not own the IP rights, or any copying of the Group's IP rights by third parties, could have a material impact on revenue. The Group also licenses intellectual property from third parties, including the production of highly successful branded games. If such IP rights were lost, the casinos' revenues could decline.

Progressive, operator jackpot, increase in deposit

Events that disrupt our operations or locations could result in lost revenue, reputational damage and breaches of regulatory requirements.

Other risks related to the gaming sector

§ Regulation - responsible gambling

Responsible gambling is both an essential public concern and a regulatory priority. Licensing requirements are regularly updated to ensure that industry players provide a safe environment for consumers. Recent trends have seen an increased focus by regulators on treating customers fairly and marketing and advertising in a responsible manner.

PlayTech has continued to have a high cash generation power and r e-provided a powerful sales cash flow of 222. 5 million euros and € 168. 9 million, excluding Snaitech.

The fair values of financial assets and financial liabilities may fluctuate adversely due to fluctuations in market prices of foreign exchange rates, commodity prices, equity and index prices.

§ Regulatory - capital adequacy

The need to maintain adequate regulatory capital may affect the Group's ability to carry out its business and reduce profitability.

Low volatility in exchange rates, commodity prices, equity and index prices may reduce profitability.

Directors' responsibility statement

We confirm, to the best of our knowledge, that

§ The financial statements of the Group and the Company, prepared in accordance with International Financial Reporting Standards (IFRS) adopted by the European Union and Article 4 of the IAS Regulation, represent a true and fair financial position of the Group and the Company in respect of their assets, liabilities, financial position and earnings. and

Main risks and uncertainty

Risks relating to the gaming and financial divisions

By Order of the Board

Chief Executive Officer

Chief Financial Officer

Independent Report on Playtech

Our auditors have been engaged by the Company to review the condensed set of financial statements for the six months ended 30 June 2018 (comprising the consolidated statement of comprehensive income, the consolidated statement of changes in equity, the consolidated balance sheet, the consolidated statement of cash flows and the related notes).

Our auditors have inspected the other information contained in the half-yearly financial report and considered whether such information contains any obvious misstatement or is materially inconsistent with the information in the condensed financial statements.

The half-yearly financial report is the responsibility of the members of the Board of Directors and has been approved by the Board of Directors. The Directors are responsible for preparing the half-yearly financial report in accordance with the Disclosure and Transparency Guidance Rules of the Financial Conduct Authority.

As disclosed in Note 2, the Group's annual financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. The set of condensed financial statements included in this half-year report has been prepared in accordance with International Accounting Standard No. 34 "Interim Financial Reporting" as adopted by the European Union.

Our responsibility is to express a conclusion to the Company on the set of condensed financial statements included in the half-year report, based on our review.

We confirm, to the best of our knowledge, that

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 ''Reviews of Interim Financial Information Performed by Independent Auditors'' issued by the UK Financial Information Board. A review of interim financial information consists mainly of making inquiries of those responsible for financial and accounting matters and applying analysis and other review procedures. The review is substantially more limited in scope than an audit performed in accordance with International Standards on Auditing (UK), and therefore we cannot obtain any assurance that we will be aware of all material issues that may be identified in the audit. Accordingly, we do not express an audit opinion.

BDO LLP is a limited liability business association (registration number OC305127) registered in England and Wales.

6 months expiration date

6 months expired

Prior to depreciation

Deficit / depreciation before management expenses

Depth and depreciation costs

Distribution of profits from joint ventures

(Loss) / profit distribution from partners

Main risks and uncertainty

Risks relating to the gaming and financial divisions

Ta x-dwelling profit

Profit of the year

Final and other comprehensive profit

Items that can be classified as profit and loss

Practical capital-pure fluctuation of fair value

Chancellation loss and losses caused by the conversion of overseas operating activity

Total items that can be classified as profit and loss

Total comprehensive profit

Professional profits to be belonged to

Parent company owner

Total comprehensive profits belonging to parent company shareholders

Interprise profits belonging to the owner of the parent company

Each shares per share of the income of the parent company's owner:

NOTE 1 - GENERAL

* After adjustment, the number of numbers after adjustment is intangible asset amortization expenses, the acquisition of experts, financial costs associated with the acquisition, the deferred tax associated with the acquisition, and the recognized publicly realized imprinted in the recognized investment during the current fiscal year, and the cash. It is related to specific no n-cash spending items and temporary items, such as unpaid receivables without expenditures and additional cash spending items. The Board of Directors believes that the afte r-adjustment profits, including the realized fai r-an d-loss fluctuations recognized in the income statement of the current term of the category invested during the current period, are more faithful to the consistent transactions of the business. 。 The complete adjustment table of the actual performance and the performance after adjustment is described in Note 4.

Additional payment capital

Stock investment reserve

Employee benefit trust

Corporate bond with convergent bond type stock acquisition right

Call option / reserve position option

Foreign exchange reserve

Total that belongs to the parent company shareholder

B. The interim financial statements as at 30 June 2018 and 30 June 2017 and the six months then ended, respectively, have been reviewed by the Group's external auditors.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

As of January 1, 2018

Shareholder real term fluctuation

Total revenue of the entire period

IFRS No. 9 relocation associated with the application

Optional exercise

Employee share option system

Acquisition of minority shares

A small number of shares acquired by corporate bonds

Balance as of June 30, 2018

Balance as of January 1, 2017

Fluctuation amount

Total comprehensive profit

Exercise of options

Employee stock option system

Acquisition of minority shares

A small number of shareholders acquired by corporate bonds

As of June 30, 2017

Unsudated Consolidated Connection Balance

As of June 30, 2018

NOTE 3 - SEGMENT INFORMATION

As of June 30, 2017

As of December 31, 2017

Tangible fixed assets

Investment in the equit y-based applicable company and joint ventures

Other no n-flow assets

Cash and cash equivalent

Additional capital payment

Stock Premium Reserve

Main risks and uncertainty

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Key points. Funds under management (FUM)1 of $ billion (31 December $ billion). MTN Group Limited interim financial results for the six months ended 30 June Page 3. Notes. MTN Group Limited interim financial results for. results The disaggregated revenue table presented above for the six months ended 30 June is a new requirement as a result of the.

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