# Playtech Plc agrees sale of remaining HAPPYBET assets

- Link: https://www.directorstalkinterviews.com/playtech-plc-agrees-sale-of-remaining-happybet-assets/4121198859
- Published: 2025-05-28T07:41:30+01:00
- Author: Amilia Stone

**Playtech Plc** (LON:PTEC) has announced that it has reached an agreement with 
NetX Betting Ltd., a subsidiary of the Frankfurt listed German operator, pferdewetten.
de AG regarding HAPPYBET.

Having closed the Austrian HAPPYBET business in the second half of 2024, Playtech
announced in March 2025 that it had commenced a process to sell the remainder of
the business in Germany. This agreement reflects the Playtech Group’s renewed focus
as a predominantly pure-play B2B operator.   

Pursuant to such agreement, pfederwetten.de is being given the opportunity to contract
with franchise partners for the HAPPYBET shops in Germany, subject to negotiations
with those franchise partners. As part of this agreement, Pfedermwetten.de will 
also assume ownership of certain associated hardware.

There will now be a transition period to allow pferdewetten.de to negotiate with
the relevant franchise partners and for the relevant regulatory approvals to be 
sought from the competent authorities in Germany. It is intended that any remaining
HAPPYBET assets not transferred to, or assumed by, pferdewetten.de will cease operations
and, where relevant, will be wound up.

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