Home : Poker News : Analyst Expects iPoker Owner Shares to Soar

Analyst Expects iPoker Owner Shares to Soar

Playtech's Recent Deal With William Hill Could See Share Price Rise from 620p to 713p


Analysts at Daniel Stewart & Co investment bank has issued a “buy” note for shares in Israeli online gaming software William Hill Logodeveloper and operator Playtech.

The company, which owns the iPoker, recently sold $250 million worth of online gaming and affiliate marketing assets to British bookmaker William Hill which were rolled into a joint venture of which Playtech received 29 percent.

Daniel Stewart & Co. believes “the agreement with William Hill is significantly earnings enhancing and locks Playtech into a long-term software contract with a major new client. We are increasing our TP from 620p to 713p. Playtech has completed a fantastic deal, but with zero impact on its share price. Investors should be buying aggressively.”

Related Articles

Tags: europe