Playtech Plc has confirmed news reports that it has entered discussions to acquire SKSMalta, the operating firm of Italian bookmaker PlanetWin365. This afternoon, Sky News reported Playtech and FTSE counterpart Flutter Entertainment as suitors to acquire PlanetWin365 outright. Italy is recognised as a key growth marketplace for both companies that have established their presence in the country via M&A. In …
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Playtech tax punch impacts stellar H1 trading
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 …
Read More »Playtech’s Dr Toby Sucharov appointed CTO of Citizen
Dr Toby Sucharov has been appointed Chief Technology Officer of Citizen – a payment services provider to the igaming industry. Having previously served as Playtech’s Head of UK Innovation and as Head of Games Platform as a Service (GPAS), Sucharov has a wealth of industry experience in scaling up technology products to service hundreds of igaming businesses globally. James Neville, …
Read More »Playtech powers up 10bet UK & Sweden drive
Playtech Plc has announced that it will serve as lead platform and system provider for challenger sportsbook brand 10bet’s UK and Swedish market activities. The agreement comes as 10bet hits the corporate milestone of servicing “a loyal user base of more than one million bettors”. Seeking to expand its presence in the UK and Sweden significantly, 10bet has appointed Playtech …
Read More »Svenska Spel launches Playtech’s ‘modernised’ poker offering
Playtech has enhanced its presence in Sweden through a new partnership with Svenska Spel Sport & Casino. Described as a ‘prominent operator in the region’, Svenska Spel has recently launched the gambling technology company’s poker product and iPoker network, as part of the company’s strategy to modernise and improve its poker offering. Fredrik Hård, Head of Poker & Bingo, Svenska …
Read More »Buzz Group entering new horizons as Casino website hits the market
Buzz Group has diversified its business model with the launch of a new igaming vertical this week, Buzz Casino, complementing its existing omni-channel bingo operation. The platform has been developed by Playtech, the firm’s long-term igaming tech partner, and will feature table games, live casino titles and slot releases. As its business continues to push for a full post-pandemic recovery, …
Read More »Playtech overcomes UK hurdles to achieve 2022 bumper results
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 …
Read More »DAZN Bet calls on Playtech to bolster casino suite
Playtech Plc has announced that it will serve as lead online casino solutions provider for DAZN Bet – the online gambling venture of global OTT sports broadcaster DAZN Group. DAZN Bet was officially ‘soft-launched’ last summer, making its online gambling debut in the UK market. Updating the media, Playtech informed that it has been selected to ”provide a range of …
Read More »Betfred extends Playtech partnership to deliver new retail experiences
Betfred, the UK’s biggest retail bookmaker, has expanded its technology agreement with Playtech to meet its growing customer demand for new products and services across its betting estates. In a joint statement, Betfred and Playtech have agreed on the extension of their exclusive partnership, which has spanned over 12 years. As part of the extended partnership, Betfred will install more …
Read More »Playtech invests $85m in Hard Rock Digital to expand US horizons
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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