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Playtech Plc has secured a multi-year extension to its existing contract as the principal online casino platform supplier of Totalizator Sportowy SP, Poland’s state-owned gambling operator. The renewal follows an extensive review undertaken by Polish authorities which deemed Playtech as the optimal online casino solutions supplier for Totalizator Sportowy to maintain its state-sanctioned gambling services. Totalizator Sportowy was established 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 …

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 …

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 …

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. …

The board of Playtech Plc has suspended plans to divest its shareholding in Mexican B2C joint-venture Caliplay. Announced during Q1 trading, Playtech revealed that it had entered discussions with JV partner Caliente Interactive to merge Caliplay with a SPAC vehicle that would subsequently list the company on a US stock exchange.  This afternoon, Playtech issued a short statement, confirming that …

Playtech’s hopes for a new owner may have been raised, as Irish businessman Eddie Jordan has reportedly renewed his interest in the company, according to The Times. The newspaper stated today that Jordan is ‘understood to be considering returning to the table’ after a bid for Playtech from Hong Kong investment fund TTB Partners fell through last week.  TTB’s deadline …

The board of Playtech Plc has informed investors that Hong Kong investment fund TTB Partners will no longer submit a takeover offer for the FTSE250 gambling technology group.  Issuing a statement, TTB detailed that “due to challenging underlying market conditions it is not intending to make an offer for Playtech Plc”. TTB’s withdrawal follows Playtech’s board granting the Hong Kong …

The board of Playtech Plc has this morning announced that Hong Kong fund TTB Partners has been granted an extension period to submit a deal to acquire the FTSE250 technology group.  TTB Partners’ previous deal submission deadline was due by 17 June, a date that has been extended to Friday 15 July, as Playtech governance informed investors that ‘discussions between …

Playtech Plc has delivered 2021 results above its expected guidance, as the FTSE250 technology group continues to consider its long-term strategic options.  Updating stakeholders in its full year results for 2021, Playtech reported a 12% increase in revenue from €1,078.5 million to €1,205.4 million – driven by growth of its B2B and B2C units.  Revenue growth was coupled with a …