Tag Archives: playtech

Playtech has entered a multi-year partnership with the University of Nevada, Las Vegas (UNLV), which will aim to create a more sustainable gambling environment.  Both Playtech and UNLV’s International Gaming Institute (IGI) will leverage their technology and expertise on their shared interest of promoting better gambling practices.  Brett Abarbanel, PhD, Executive Director of UNLV International Gaming Institute, commented: “It is …

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 …

Flutter Entertainment has reached definitive terms with Playtech Plc to acquire Snaitech SPA for €2.3bn, aiming to take the “gold medal podium position” in Italian gambling. This morning, the boards of Flutter and Playtech notified markets that an all-cash offer of €2.3bn had been accepted for Snaitech, the Italian market’s third-largest online gambling operator, with a market share of 9.9%. …

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 …

Playtech Plc has confirmed that it is in discussions with Flutter Entertainment Plc regarding the ‘potential sale’ of its Snaitech Italia business. The FTSE250 technology group issued a short statement in response to media speculation on the potential sale of its Italian business to the NYSE-listed gambling group Flutter. The statement confirmed that discussions are ongoing “regarding the potential sale …

Entain has launched a ‘first-of-its-kind’ game, reimagining ITV’s flagship ‘The Chase’ gameshow for gaming audiences. Working in partnership with Playtech, Entain debuts ‘The Chase Live’, an interactive gameshow – “modelled on the popular ITV gameshow which attracts up to four million viewers daily in the UK”. Steve Watling, SVP Gaming, ITV Studios Global Partnerships, commented: “The Chase Live has been …

Snaitech subsidiary Happybet has become the principal betting partner of Sport1, Germany, and DACH markets’ free-to-air sports broadcaster. Declared as a long-standing commitment, Happybet has begun its sponsorship of Sport1 programming, which includes fixtures and highlights of the UEFA Euro 2024 championships hosted in Germany. The partnership is launched with Happybet, promoted as the “Partner of Sport1” across the broadcasters’ …

Paddy Power has become the first online gambling brand to launch an immersive online game show, in partnership with Playtech. Branded as ‘Paddy’s Mansion Heist’, the immersive game show co-developed by Playtech Live Casino studios has been launched for Paddy Power’s UK and Ireland customers. Audiences were informed that, “Set within Paddy’s Mansion, the game show offers players the opportunity …

Playtech Plc is confident it will meet its strategic and commercial objectives for 2024, following a ‘solid start’ to year trading. The LSE tech group shared its AGM trading update, giving investors a snapshot of corporate performance from 1 January 2024 to 30 April 2024. The B2B unit continues to grow revenue in regulated markets, focusing on key contracts and …

Playtech Plc has celebrated a year of strategic and commercial achievements across its B2B and B2C businesses.  Publishing its full-year 2023 accounts, the FTSE250 gambling technology group achieved corporate revenues of €1.7bn, up 7% on FY2022 comparative results of €1.6bn. Of note, year-end trading revealed Playtech’s B2C business generated revenues “exceeding €1bn for the first time”.  The achievement was recognised …