Tag Archives: Snaitech

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 …

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’ …

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 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 …

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 …

Snaitech, is set to introduce exciting new changes to their platform during the course of 2023, as disclosed to SBC by Alessandro Graziosi, Digital Director of Snaitech, who shared first-hand details on the upcoming innovations that the Italian giant is working on. Graziosi has led plans to revamp their website using a “data lake” approach and artificial intelligence to create …

Playtech Plc has notified investors that it expects its full-year 2022 EBITDA to reach at least €400m, based on the expected growth of its B2B online gambling unit and Snaitech Italia B2C operations.  The FTSE250 gambling technology group issued an FY-2022, pre-close trading statement in which it announced strong growth and KPIs since its 2022 interim results were announced on …

Italy’s Ministry of Economy & Finance (MEF) has drafted a ‘Betting Decree’ to amend rules on fixed-odds betting markets for sporting events.  The amendments, published in last week’s Official Government Gazette (28 October), will impose new changes to improve the offering of licensed bookmakers (online + retail). Long-awaited changes will allow Italian bookmakers to offer customers cash-out functionalities across all …

The onboarding of Snaitech, coupled with positive trading across its B2B operations, contributed heavily to a strong performance for Playtech throughout H1 2022.  Publishing its interim report this morning, the betting and gaming supplier outlined a revenue increase of 73% to €792.3m (H1 2021: €457.4m), coupled with EBITDA of €203.8m – a 64% rise on the 2022 figure of €124.1m. …