Last checked at 27 Jul 2021 07:00
Playtech plc
('Playtech' or the 'Company')
Trading Update
Very strong online performance continues
Playtech plc ("Playtech") is pleased to report on trading for the period from 1 January to 30 June 2021. Playtech will announce its interim results on 23 September 2021.
Core B2B and B2C
Playtech has performed in line with its expectations since its trading update on 26 May 2021 as its online businesses continued to perform very strongly and retail in Italy began to reopen from mid-June.
Overall H1 results were in line with its expectations at the start of the year albeit with a different mix of contributions than originally anticipated. The very strong performance from B2B online, particularly Caliente, and Snaitech's online business offset the impact of the longer than expected retail closures in Italy. Playtech's business in Asia was stable through H1, in line with the levels achieved in H2 2020.
Playtech has continued to make significant progress against its strategic and operational objectives, including in its key target growth markets of the US, Latin America and Europe. In the US the Company signed a strategic, multi-state, multi-product deal with the Greenwood companies, which operate the Parx Casino, and subsequently launched in Michigan with further launches planned later in 2021 and 2022. Further progress includes entering into a strategic agreement with Holland Casino in Europe, a new global distribution agreement with Scientific Games and continued strong performances from Caliente and others in Latin America.
Whilst the COVID-19 pandemic continues to pose challenges and the macroeconomic outlook remains uncertain with the possibility of further unexpected lockdowns, given the strong H1 performance and the momentum within the business, the Board is confident of the Company's prospects for the remainder of 2021 and beyond.
Finalto
As previously announced, Playtech expects to publish a supplementary circular in the coming days to update shareholders on the Finalto sale process.
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For further information please contact:
Playtech plc
Chris McGinnis, Director of Investor Relations & Strategic Analysis
James Newman, Director of Corporate Affairs
| +44 (0) 1624 645 954 |
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse | +44 (0) 20 3805 4822 |
About Playtech
Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a market leader in the gambling and financial trading industries with c.6,400 employees across 24 countries.
Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.
Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy,
Playtech's Financials Division, Finalto, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.