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FinTech

Playtech Accelerates US Push as H1 Profits Jump 23%

  • The company revenue was up 5%, and adjusted EBITDA was 11%, driven by visible B2B growth.
  • The company raised its full-year outlook and announced the sale of Snaitech to Flutter for €2.3 billion.
Monday, 30/09/2024 | 08:20 GMT by Damian Chmiel
FinTech

Playtech to Sell Its Italian Retail Unit for €2.3 Billion

  • Ireland’s Flutter Entertainment will purchase Snaitech from Playtech.
  • Playtech plans to issue a dividend between EUR 1.7 billion and EUR 1.8 billion following the sale.
Tuesday, 17/09/2024 | 07:49 GMT by Arnab Shome
FinTech

Playtech Surpasses 2024 Earnings Estimates on B2B Strength

  • The company also announced a revised strategic agreement with Caliplay.
  • It secured a 30.8% stake in its new holding company.
Monday, 16/09/2024 | 07:03 GMT by Damian Chmiel
FinTech

Playtech Reports "Solid Trading Performance" in First Four Months of 2024

  • The growth was driven by positive underlying trends in B2B and B2C divisions.
  • The company remains confident in its ability to capitalize on growth opportunities in the medium term.
Wednesday, 22/05/2024 | 07:03 GMT by Damian Chmiel
Retail FX

Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C

  • The company exceeds expectations with 9% Adjusted EBITDA growth.
  • However, the profit after tax fell slightly, decreasing 2% compared to 2022.
Wednesday, 27/03/2024 | 07:43 GMT by Damian Chmiel
Retail FX

News Nuggets | 14 September: BMLL Gains New Investment; CQG's Trading Platform

  • Also, Spectrum Markets adds Societe Generale; Playtech taps IDVerse.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 14/09/2023 | 11:31 GMT by Finance Magnates Staff
FinTech

Playtech Reports Record Adjusted EBITDA for H1 2023, CEO Sees Bright Future

  • The company reported an increase of 8% in revenue and 19% EBITDA.
  • Playtech's CEO forecasts higher-than-expected results for the full FY23.
Thursday, 07/09/2023 | 07:37 GMT by Damian Chmiel
Retail FX

News Nuggets | 23 March: ZuluTrade's New License; Playtech's Results

  • Also FPMarkets, FTX, TrioMarkets, eToro, Coinbase, and more.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 23/03/2023 | 09:54 GMT by Finance Magnates Staff
FinTech

Playtech Generates €1.6B Revenue in 2022 as B2B Markets Pick Up

  • It ended the year with an adjusted EBITDA of €405.6 million.
  • Its Italian subsidiary, Snaitech generated 39 percent higher adjusted EBITDA.
Thursday, 23/03/2023 | 08:48 GMT by Arnab Shome
FinTech

Playtech Expects to Close FY22 with at Least €400M EBITDA

  • The company brought in €203.8 million in EBITDA in H1 2022.
  • It is benefiting from the growth of B2B and Snaitech businesses.
Thursday, 26/01/2023 | 09:43 GMT by Arnab Shome
Retail FX

Exclusive: Finalto Gets New Group CEO as Hoffman and Greenbaum Depart

  • Both executives worked for Finalto for over seven years.
  • Matthew Maloney is now the new Group CEO.
Friday, 04/11/2022 | 15:55 GMT by Solomon Oladipupo
Executive Moves

Playtech Names Chris McGinnis CFO as Andrew Smith Resigns

  • McGinnis will take over the new role on 28 November.
  • He joined Playtech in June 2017.
Tuesday, 01/11/2022 | 11:54 GMT by Arnab Shome
News

Playtech’s Refinancing to Result in €20M Annualized Savings

  • It has amended €277 million RCF until October 2025.
  • The refinancing was possible with the company’s strong balance sheet and cash generation.
Wednesday, 12/10/2022 | 10:36 GMT by Arnab Shome
News

Playtech’s Revenue Climbs 73% YoY in H1 2022

  • Adjusted EBITDA reached €203.8 million during the first half of 2022.
  • The sale of Finalto was completed in July 2022.
Thursday, 22/09/2022 | 08:09 GMT by Bilal Jafar
News

TTB Partners Withdraws from Playtech Takeover Bidding

  • The company cited “challenging underlying market conditions” behind its decision.
  • Earlier, Playtech shareholders rejected a £2.7 billion takeover bid from Aristocrat Leisure.
Thursday, 14/07/2022 | 06:48 GMT by Arnab Shome
Retail FX

Playtech Completes $250M Finalto Sale to Gopher Investments

  • The proceeds will be used to repay the outstanding balance of Finalto’s revolving credit facility.
  • Finalto now has to pay an $8.8 million breakup fee to the Barinboim-led consortium.
Monday, 11/07/2022 | 10:59 GMT by Arnab Shome
Retail FX

Playtech Now Expects to Close Finalto Sale by Mid-July

  • The company previously targeted to close the deal by June 30.
  • It is selling the financial division to Gopher for $250 million.
Friday, 01/07/2022 | 06:35 GMT by Arnab Shome
News

TTB Given Deadline Extension for Confirming Playtech Acquisition Bid

  • Now, the deadline is until 5 pm on July 15.
  • The two have been discussing the deal for months now.
Friday, 17/06/2022 | 07:13 GMT by Arnab Shome
News

Playtech Receives Regulatory Approvals for Finalto Sale

  • The company is targeting to close the deal with Gopher by 30 June 2022.
  • Gopher offered $250 million for Finalto in an all-cash deal.
Wednesday, 15/06/2022 | 07:06 GMT by Arnab Shome
News

Playtech Wants TTB’s Takeover Confirmation by June 17

  • The deadline has been kicked after restrictions of TTB expired.
  • The talks are still ongoing after 15 weeks.
Friday, 20/05/2022 | 07:15 GMT by Arnab Shome
News

Playtech and Paysafe Extend Partnership, Target European Markets

  • They are already collaborating in the United States.
  • Playtech is offering Paysafe’s payments services through its technology offerings.
Monday, 09/05/2022 | 10:26 GMT by Arnab Shome
News

Playtech Sees Adjusted EBITDA of over €100 Million in Q1

  • The Board is bullish on the company's 2022 performance.
  • There were also positive talks on Playtech’s potential acquisition deal.
Thursday, 05/05/2022 | 07:05 GMT by Arnab Shome
News

Playtech Sees 12% Jump in 2021 Revenue, Profit Soars

  • Business went up in both B2B and B2C divisions.
  • The company focused on its US strategy and expansion in Latin America.
Thursday, 24/03/2022 | 08:05 GMT by Arnab Shome
News

Playtech’s Former CEO Dismisses Allegations

  • Recently, Playtech shareholders stopped Aristocrat's £2.7 billion acquisition bid.
  • Tom Hall dismissed allegations over a group of Asian investors as ‘rubbish’.
Saturday, 05/03/2022 | 10:09 GMT by Bilal Jafar
News

Playtech CEO Wants to Join TTB Investor Group for Takeover Bid

  • The company has removed the bidding restriction on TTB.
  • It is yet to receive any formal offer after Aristrocat’s rejection.
Monday, 21/02/2022 | 13:36 GMT by Arnab Shome
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