Published
OnlineCasinoBingoSports BettingResults

Playtech announces 33% revenue rise in FY2022 report

Playtech has reported €1.6bn ($1.7bn) in total group revenue for 2022, up 33% year-on-year.

playtech revenue growth
Listen To Article

Meanwhile, its adjusted EBITDA totalled €405.6m, up 28% when compared to €317.1m in 2021.

The company signed several deals as part of its US strategy. This included launching the IMS Platform in Pennsylvania, as well as partnering with Golden Nugget, WynnBet, Resorts and 888.

Playtech also had licences granted for the states of Pennsylvania and Colorado in 2022.

The launch in Ontario, Canada was facilitated by the launch of NorthStar and a new facility was opened in Peru.

Overall, the Americas revenue growth was reported to be 43%.

Revenue growth for Europe ex-UK was 31%, with the Netherlands leading in contributions. Poland, Spain and Ireland were also significant factors in the €184.6m total.

Mor Weizer, Playtech CEO, said: "2022 was a year of considerable strength for Playtech, in which we delivered record revenues and EBITDA, ahead of market expectations.

“All parts of the business contributed to this performance, with B2B powered by Europe (ex-UK) and the Americas, and B2C's impressive performance underpinned by Snaitech's continued strength in the Italian market in both retail and online.”

Including both Snaitech and white-label operations, total B2C revenue was €983.1m, when compared to €663.7m in 2021.

Snaitech exceeded business expectations, with an adjusted EBITDA margin of 56% in 2022.

Playtech has announced a medium-term target of €200m-€250m for B2B in 2023, with Snaitech's medium-term target of €300-€350m.

The company started 2023 by signing a deal with Hard Rock Digital.


Casino News Sponsor
Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Resorts World Las Vegas
Star Sports Group
Hard Rock Hotel & Casino Tejon
Follow Us

Facing Facts: Analysing figures from emerging gambling markets

Where is the gambling market on the rise, and are there any...

Taking Stock: A guide to lottery/iLottery operator and supplier prices

Gambling Insider tracks lottery/iLottery operator and suppli...

New Horizons Cover Feature: United Arab Emirates

With its first land-based casino set to open in 2027 and a n...

New Horizons Cover Feature: Brazil

Brazil performed quite the feat by getting its heavily delay...

The best of Malta at the Global Gaming Awards

Powered by Gambling Insider, the Global Gaming Awards are th...

Preview: SiGMA Malta 2024

A place in the winter sun: SiGMA returns to the home of iGa...

Company profile: Soft2Bet

Bill 55: Advantages and challenges for Maltese operators in...

Company profile: DS Virtual Gaming

DS Virtual Gaming is a leader in the gaming industry, utilis...