Interesting stock. Chinese/Israeli gaming company. I think Caesars used to own them They make free mobile casino games. It just IPO'd a week or so ago. Not a lot of fanfare. Their numbers look decent. Low float. $30.50 as I type PLTK Might be worth buying a few shares imo.
Pretty cool. Look around their website. https://www.playtika.com/get-to-know-us/ If we don't get a large correction in the overall markets, I think the stock's a buy. I do think we're going to have a healthy correction however, so one might hold off for now and just put it on a shopping list for later. But if the markets stay irrational, it won't stay at $30 long.
https://www.nytimes.com/2016/08/01/business/dealbook/china-caesars-mobile-games-playtika.html Probably, doesn't matter that much, if it was prior of Jack writing off his stake to CCP - or after. Moving on US strategic allies in Huawai style. (?) Would be a dumb move tho, Israel's intelligence is too good for that.
Just reading their S-1. https://www.sec.gov/Archives/edgar/data/1828016/000119312521003653/d55817ds1a.htm#rom55817_14 They still own Caesar's World Series of Poker That's a biggie. We have a powerful combination of scale, growth and operating cash flow. In the twelve months ended September 30, 2020, we generated $2,286.2 million in revenues, a net income of $46.1 million and $815.2 million in Adjusted EBITDA, representing a net income margin of 2.0% and an Adjusted EBITDA Margin of 35.7%. In addition, for the nine months ended September 30, 2020, we generated $1,798.0 million in revenues, net income of $16.1 million and $665.8 million in Adjusted EBITDA, representing a net income margin of 0.9% and an Adjusted EBITDA Margin of 37.0%, and, for the twelve months ended December 31, 2019, we generated $1,887.6 million in revenues, net income of $288.9 million and $621.0 million in Adjusted EBITDA, representing a net income margin of 15.3% and an Adjusted EBITDA Margin of 32.9%. The strength of our Adjusted EBITDA Margin profile is driven by our ability to retain paying users over the long term and our financial discipline.