Tag Archives: Snaitech

SBC Leaders magazine: Sky Betting & Gaming still thinking big

SBC Leaders Issue 29

Sky Betting & Gaming may be sitting at the very top of the UK gambling industry, but as its Chief Commercial Officer Steve Birch tells the new issue of SBC Leaders magazine, the business still has big ambitions for further growth. In an in-depth interview – which covers the operator’s close relationship with other Flutter-owned brands, the evolution of its …

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Playtech confirms PlanetWin365 as M&A target 

SKS365 ‘In The Game’ in Italy as Planetwin365 Rome flagship store launched

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

SBC News 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 …

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Snaitech to upgrade digital platform to match new Italian demands

SBC News Snaitech to upgrade digital platform to match new Italian demands

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 …

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Playtech to deliver €400m EBITDA for 2022  

SBC News Playtech to deliver €400m EBITDA for 2022  

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 …

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Italy amends fixed-odds rules to allow cash-out on all betting markets 

SBC News Italy amends fixed-odds rules to allow cash-out on all betting markets 

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 …

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Strong B2B performance drives 73% revenue growth for Playtech

SBC News Strong B2B performance drives 73% revenue growth for Playtech

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. …

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Playtech lauds global proficiency as board weighs up future outcomes

SBC News Playtech lauds global proficiency as board weighs up future outcomes

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 …

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Aristocrat strategy to remain unchanged following Playtech acquisition fall through

SBC News Aristocrat strategy to remain unchanged following Playtech acquisition fall through

Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech. Issuing a statement this morning, Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of …

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Playtech stands by Aristocrat deal amid rumours of Asian investors revolt

SBC News Playtech stands by Aristocrat deal amid rumours of Asian investors revolt

The board of Playtech Plc has this morning responded to media speculation of a ‘contingency plan’ to break-up its business units, should the sale of the company be thwarted by a ‘collective of Asian shareholders’. As reported by Sky News, boardroom concerns loom at Playtech that the recommended £2.7 billion takeover offer made by Aristocrat Leisure will be voted down …

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