Playtech Plc is confident in achieving its full-year 2025 corporate objectives, as it concludes final arrangements to become a stand-alone B2B gambling technology firm once more. Publishing a snapshot trading update for the period of 1 January to 30 April, Playtech cites a ‘solid start to 2025; continued progress against strategic objectives’. The FTSE firm detailed “very strong revenue growth” …
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Playtech Plc has achieved “elevated targets” of a transformative 2024, as the FTSE250 technology group returns to a pure-play B2B identity. Full-year 2024 trading featuring the B2C activities of Snaitech, saw Playtech achieve corporate revenues of €1,791.5m, up 5% on FY2023 results of €1,706m. Despite year trading being disrupted by €2.4bn sale of Snaitech to Flutter Entertainment (sanctioned in Q3), …
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Online gambling players in Latin America are deeply engaged with the sector’s regional standards and politics, Playtech has reported. With the third edition of its Responsible Gambling Report, the company has taken a deep dive into the preferences and expectations of 2,500 online players across Argentina, Brazil, Chile, Peru and Colombia – each market’s intricacies reflected in the study’s responses. …
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The board of Playtech Plc has announced that a General Meeting will be convened on 19 December to allow shareholders to vote on the directors’ remuneration policy. The vote is needed to settle disputes over Playtech’s €100m remuneration scheme for executives, linked to the LSE-listed firm’s sale of its Snaitech Italia business to Flutter Entertainment for €2.3bn. A segment of …
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Playtech Plc has guaranteed investors that it will achieve its full-year 2024 commercial objectives due to positive H1 results and business outcomes. H1 trading saw the LSE gambling group achieve corporate revenues of £906m, up 5% from the 2023 comparatives of £859m, as the period trading reflected ‘the strong execution of its B2B business’. Headline growth saw Playtech report an …
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Playtech Plc has renegotiated its terms of service with Grupo Caliente, settling commercial disputes related to the Mexican joint venture of Caliplay. The commercial disagreement began in 2023 when Grupo Caliente, Mexico’s largest casino operator, annulled service fees, with Playtech disputing contract entitlements of the Caliplay JV. The dispute saw Playtech and Caliente initiate separate lawsuits in London and Mexico …
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Playtech Plc has secured a multi-year extension to its existing contract as the principal online casino platform supplier of Totalizator Sportowy SP, Poland’s state-owned gambling operator. The renewal follows an extensive review undertaken by Polish authorities which deemed Playtech as the optimal online casino solutions supplier for Totalizator Sportowy to maintain its state-sanctioned gambling services. Totalizator Sportowy was established in …
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Playtech Plc has reaffirmed all financial year targets as group trading outperforms all corporate expectations, despite operating profits being dragged by tax impairments. Posting its Interim 2023 results, Playtech declared a record H1 2023 performance with Adjusted EBITDA increasing by 10% to €219.9m (H1 2022: 199.1m) and total group revenue up by 8% to €859.6m (€792.3m). However, period trading saw …
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Playtech Plc declares that it has achieved all corporate objectives of an ‘exceptional year’ for the FTSE250 technology group. Publishing its FY2022 results, Playtech achieved a record revenue result of €1.6bn, up 33% on like-for-like 2021 comparatives of €1.2bn. Year trading saw Playtech B2B and B2C units continue to register growth within regulated markets, generating respective revenue results of €632m …
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Playtech Plc has notified investors that it has agreed to purchase ‘a low, single-digit percentage stake in Hard Rock Digital (HRD)’ – the online gambling subsidiary of US entertainment and leisure group Hard Rock International (HRI). The investment will amount to $85m (€80m), and will be used to fund HRD’s global expansion plans to the benefit of Playtech’s commercial pipeline …
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