Published
OnlineFinancial

Playtech set to hit EBITDA target

Playtech said it remains on course to achieve adjusted EBITDA of between €320m ($360m) and €360m for 2018.

playtechrevenue

The supplier has released a trading statement for the period since 30 June and figures show performance is consistent with forecasts from the half-year stage.

Revenue received from the Asian market has stabilised at approximately €150m.

B2B trading in the gaming division has followed trends discussed in August, with Playtech reporting "good revenue growth" outside of Asia.

Snaitech, the Italian supplier which Playtech acquired a 70.6% stake in back in July, has continued momentum from the first half of the year, with the gaming company meeting expectations.

The trading update also said the rest of the B2C division was in line with expectations.  

Discussing the group’s financial position, the update disclosed that, for the period since 30 June, Playtech has "improved efficiency of its balance sheet" through the sale of its shares in Plus500 and successfully completed a €530m bond offering.

 

Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...