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
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Agency
Executive Profiles
Wynn Resorts
Table Trac/CasinoTrac
Grosvenor Casinos, The Rank Group
Fertitta Entertainment
Scientific Games

Facing Facts: Looking back on how Asian operators fared in Q4 2022

Gambling Insider takes a closer look at various facts and fi...

GBGC Data: How betting has changed in the US and Europe over the years

Global Betting & Gaming Consultants (GBGC), the global gamin...

Taking Stock: How did Asian operators share prices fare over the last six months?

MGM China, Melco Resorts & Entertainment, Sands China and Wy...

AI in the gambling industry: Evolving or deskilling?

With expert industry insight from suppliers OPTX and Sportra...

Read Magazine