Tag Archives: Snaitech

Playtech shuts down Snaitech’s retail profile respecting Italian COVID-19 decree

Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …

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Highlight Games inks new partnership with Microgame S.p.A

London-based video virtual sports specialist Highlight Games has agreed to supply its virtual sports products to Microgame S.p.A after securing a new partnership with the Italian platform provider.  The agreement will see Highlight Games offer its Soccerbet product featuring Italian and English games in league and single match formats, as well as the NBA Last 60 across Microgame’s retail, online …

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Playtech 2019 revenue growth outdone by costs & duties 

FTSE250-listed Playtech Plc will continue to review its corporate divisions and underlining strategy after full-year results for 2019 showed core unit growth subdued by further Asian market impacts and severe declines across its TradeTech financial services unit. Playtech recorded a 22% increase in corporate revenues to €1.5 billion (FY2018: €1.25bn), as the technology group’s ‘Core B2B’ division delivered a 15% …

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Highlight Games’ Soccerbet goes live in Italy with Snaitech

Four months after signing a new partnership, London-based video virtual sports specialist Highlight Games Limited has confirmed that its SOCCERBET product is now live with leading Italian gaming operator Snaitech. Under the terms of the agreement, Snaitech will launch Highlight Games’ flagship product across its entire gambling portfolio. It will be available to Snaitech customers in both league and single …

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B2B and SNAITECH growth gives Playtech confidence in future prospects

Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …

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Playtech reaches £25 million deal with Israeli tax authorities

Israeli - Copyright: tsyhun / 123RF Stock Photo

Playtech has agreed to pay Israeli authorities approximately £25 million following a civil tax audit assessing its activity in the country between 2008 and 2017. The gambling software company confirmed this morning that it had reached a settlement on 31 December 2018, after acknowledging that the Israeli tax authorities had made “transfer pricing adjustments in relation to certain functions”. The …

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AgiproNews’ Italian View: October highs meet an autumn of disillusion

Italian betting and gaming continues to grow, but all incumbents face tough adjustments as the Lega-5Star coalition government maintains its hostile stance against the industry. October Data published by Agenzia delle Dogane e dei Monopoli (ADM) details a further record-breaking month for Italian online gambling. As the sector heads towards its upcoming Lega-5Star blanket ban on all forms of gambling/betting …

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Playtech confident of countering Asian headwinds to meet 2018 targets

FTSE250 gambling technology group Playtech Plc has this morning published its latest trading update informing investors that the company is on track to deliver its 2018 expected EBITDA range of €320-360 million. Issuing a short market guidance, Playtech governance details that its B2B Gaming Division continues to trade in line with the trends reported for its interim results in August, generating …

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Gamenet expands ‘home profile’ completing GoldBet Italia acquisition

Issuing a market update, Borsa Milan gambling firm Gruppo Gamenet SPA has confirmed the closure of its outright acquisition of betting group GoldBet, completing its €275 million transaction. The deal first announced on 24 July 2018, sees Gamenet secure Italy’s biggest retail betting presence adding +900 new betting points to its existing network, which services +1,700 betting concessions. ‘The Acquisition …

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Hall of Fame ‘perfect finish’ to successful Betting on Sports

Hall of Fame

The third Sports Betting Hall of Fame evening at the spectacular Natural History Museum has been hailed as the perfect conclusion to last week’s hugely successful Betting on Sports 2018. Set against the stunning backdrop of London’s Natural History Museum and hosted by former Sky Sports favourite Kirsty Gallacher, the awards saw five industry legends recognised for their tremendous contributions to the world of …

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