Playtech profit boosted by online B2B

Playtech profit boosted by online B2B

Playtech saw B2B gambling and online growth outweigh the impact of retail closures as it increased profits in the first half of the financial year.

The gambling software development company announced revenue of €457.4m for the six months to 30 June, which was down 4% compared to the €476.7m accrued in the same period in 2020.

The B2B gambling segment grew by 19% to €267.2, driven by revenue growth from Caliente in Mexico, as well as strong growth in other regulated markets such as Colombia, Poland, Italy, and Greece. 

There was expansion in the US, with Parx Casino launching online casino in Michigan on Playtech’s IMS Platform and Player Account Management software in April. Revenue from the Americas increased to €46.4m, which was up 106% at constant currency.

Playtech’s B2B growth in revenues from unregulated markets excluding Asia came from Canada and Brazil, with Asian revenue increasing by 6%.

Playtech had an outlay of €333.3m in operational costs during the period, which was down by 9% on the €367.2m declared in the same period last year. Adjusted EBITDA was at €124.1m for the period, which was up 13% and 14% on a constant currency basis.

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