Playtech PLC Trading Update (5197G)
July 27 2021 - 1:00AM
UK Regulatory
TIDMPTEC
RNS Number : 5197G
Playtech PLC
27 July 2021
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.
- Ends -
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.
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END
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