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 …
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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 has made significant progress with its group-wide strategic objectives during 2020 – a year in which all core business units were challenged by COVID-19. The FTSE250 technology group recorded full-year group revenues of €1.07 billion, down 25% on corresponding FY 2019 results of €1.4 billion, with the company noting that severe H1 headwinds impacted the performance of its …
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News UK’s Managing Director of Betting and Gaming, Simon Collins, is set to vacate his position, with the intention of returning to the start up sector. Collins has over 25 years experience in the iGaming industry, having overseen the development of a number of brands across a range of verticals. He co-founded and served as Managing Director of Cashcade – …
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Playtech Plc will trade with caution for the remainder of 2020, as its business units emerge from a ‘disrupted period’, with its corporate outlook dependent on further COVID-19 outcomes. Publishing its 2020 interim results (period ending 30 June), Playtech recorded a 23% drop in corporate revenues to €564 million, (H1 2019: €728m) as the FTSE250 technology group absorbed a series …
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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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Publishing its full-year 2018 results, FTSE250 gambling technology group Playtech Plc states that it closes a ‘year of many challenges’, as governance places returning shareholder value and capital at the top of its agenda. Operating within a much-changed global gambling landscape, Playtech B2B and B2C divisions continue to adjust to Asian market downturns and regulatory headwinds across the UK and Italy. Despite facing …
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News UK’s online bingo property Sun Bingo has confirmed that it has become the lead sponsor of ITV’s daytime programme ‘The Jeremy Kyle Show’, starting this Monday 16th July. Broadcast since 2005, The Jeremy Kyle Show is considered a long-standing flagship asset for ITV’s daytime TV programming. The sponsorship sees Sun Bingo secure TV idents for the morning program alongside …
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Publishing its full-year 2017 results (period ending 30 December) FTSE250 gambling technology supplier Playtech Plc has delivered metric growth in-line with corporate expectations, despite facing headwinds in both its regulated and unregulated operations. The industry technology provider reports full-year 2017 group revenues of €807 million, up 14% on corresponding FY 2016’s €708 million. Closing its 2017 accounts, Playtech governance declares …
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Ahead of its Q3 trading update (released on 14 November), FTSE-listed gambling technology firm Playtech Plc has issued a corporate update detailing that it has experienced a slowdown in Asia and problems with the delivery of its Sun Bingo supplier contract. Updating investors, Playtech governance has detailed that the combined impacts will see the technology firm deliver annual profits 5% …
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