Playtech expecting FY22 EBITDA of $435.82 million

Online gambling platform, content and services provider Playtech has announced that it is expecting a 26 percent yearly increase in its full year adjusted EBITDA, reaching €400 million ($435.82 million).

The uptick is largely due to the performance of its B2B and Snaitech businesses.
Playtech acquired a 70 percent stake in Snaitech (an Italian betting and gaming firm) in 2018, for nearly $360 million in cash. It had initially agreed to buy the whole stake, but plans fell through. It also was suggesting selling off the Snaitech arm in 2022.
Playtech had also been considering a sale of the company, with Aristocrat proposing a $3.35 billion takeover that was rejected by Playtech shareholders.
Playtech will only officially release its FY22 results on March 23, but closed out the first half of the year with revenue of $863.19 million, up 73 percent year-on-year.

Earnings & Filings EBITDA Playtech Financial results Latest news FY2022

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings