IN BRIEF: Playtech plans special dividend as Snaitech sale completes

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Playtech PLC - Isle of Man-based gambling software developer - Says sale of Italian consumer betting operation Snaitech Spa to Flutter Entertainment PLC is expected to complete at the end of April, having now received all regulatory approvals. Playtech previously had said it planned to return €1.7 billion to €1.8 billion from the €2.3 billion disposal to shareholders by way of a special dividend. Late Wednesday, it said this will mean €5.73 per share, about £4.90, which it expects to pay in June. Playtech says the completion of the sale of Snaitech allows it to focus on its business-to-business technology offering.

Current stock price: 715.00 pence, up 5.9% in London on Thursday morning

12-month change: up 57%

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