Playtech saw its share price rise 2.3% to 622.5p following a 25% increase in EBITDA to €317.1 million compared to €253.6 million in 2020 on the back of outperformance in the American markets and rising sales in Italian subsidiary Snaitech.
The company reported a revenue increase of 12% to €1.2 billion against €1 billion after B2B growth led by the outperformance in the Americas.
Playtech attributed its especially high 366% surge in post-tax profit of €127.6 million compared to €27.3 million in 2020 to unrealised gain linked to the company’s embedded options in Latin American agreements.
Snaitech accounted for an adjusted EBITDA growth of 38% across 2021, and the subsidiary achieved revenue growth of 45% to €299.9 million throughout the year.
Playtech reported a promising start to the financial year, with the strong performance expected to continue from B2B and B2C businesses across the board.
Playtech CEO Mor Weizer said: “Our full year results demonstrate the quality of Playtech’s technology and the momentum across the Group.
“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas.
“We have made real progress in the execution of our US strategy, supported by new licences, new launches and new partnerships, and we continue to go from strength to strength in Latin America, buoyed by new strategic agreements across the region.
“In B2C, the story is similar, with Snaitech continuing to outperform the market, achieving the position of the number one brand across sports betting and retail in Italy.”
AstroPay Appoints Fayyaz Ansari as CFO
AstroPay has appointed Fayyaz Ansari as its Chief Financial Officer (CFO).
Having worked in finance for over 20 years, Fayyaz brings with him a deep understanding of the global payments industry. Prior to joining AstroPay, he was working at Skrill, NETELLER & Income Access (part of Paysafe Group Plc) as CFO of their digital wallet division and board member of their regulated entities. He will be based in the UK with responsibility for overseeing all aspects of AstroPay’s global financial management and activities.
Fayyaz’s extensive leadership experience includes controllership, treasury, financial planning and analysis, tax restructuring, corporate finance, performance management, M&A and strategic planning. He also managed other aspects of the finance function which includes banking, investments, financial systems and was involved in fundraising as well as coordinating efforts for an exit via a trade sale/ IPO.
“I am delighted to welcome Fayyaz to AstroPay where he will undoubtedly make an immediate impact as we aim to become the world’s leading payments platform. His wealth of experience will be essential in implementing our strategic plans to accelerate growth and position AstroPay for the future. Fayyaz and the team will contribute to our mission of providing financial freedom to millions of people worldwide. He is an excellent addition to the AstroPay team and I look forward to working with him in our journey,” Mikael Lijtenstein, CEO of AstroPay, said.
“I’m thrilled to have the opportunity to join AstroPay as the next step in my career. I am excited about working with a team that is passionate about the business, has a clear strategy and always puts customers’ needs first. With its commitment to global expansion, a strong business model, a focus on diversity and proud history, AstroPay is well positioned for extraordinary growth and impact. I believe the company’s unique value proposition and strong foundation will allow the business to grow and execute its vision of making payments much more accessible to customers around the world,” Fayyaz Ansari, CFO of AstroPay, said.
Casinos Market Growth USD 764861.32 million by 2027
A casino is more of a tourist attraction and indoor amusement zone. It offers services in hotels, restaurants, and shopping malls. The majority of the revenue comes from gambling. Casinos are concentrated in certain regions because gambling is illegal in several parts of the world.
Casinos Market report analysis benefits to shape the competition within the businesses and policies for the competitive environment to improve the possible revenue. The report evaluates key opportunities in the market and plans the factors that are and will drive the progress of the industry. Taking into account earlier growing patterns, growth drivers, and existing and upcoming trends, we also estimate the overall development of the Casinos Research during the forecast period.
In short, the Casinos Market report is helpful for industry players, investors, consultants, business strategists, researchers, and all those who is having any kind of interest or are planning to venture into the Casinos Market in any way. The global Casinos market size was valued at USD 545645.2 million in 2021 and is expected to expand at a CAGR of 5.79% during the forecast period, reaching USD 764861.32 million by 2027.
Casinos Market Segmentation: –
Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.
Based on types –
- Gambling Machines
- Gaming Tables
- Online Legal Casino Gaming Services
Based on applications
Market segment by Region/Country including: –
- North America (United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
- South America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)
Key Players in the Casinos Market: –
- Delaware Park
- Tropicana Entertainment
- Caesars Entertainment
- Harrington Gaming
- Grupo Fobes
- William Hill
- 888 Holdings
- MGM Resorts
- Boyd Gaming
- Galaxy Entertainment
- Penn National Gaming
- SJM Holdings
- Las Vegas Sands
- Dover Downs Gaming & Entertainment
Key Benefits of Casinos Market Research Report:
- Types, applications, regions, and key players covered in the study
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Casinos Market
- Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report
Xtremepush Enters into Partnership with Playtech
Xtremepush, the sports betting and gaming industry’s leading player acquisition and retention platform, has partnered with Playtech, the world’s largest supplier of online gaming and sports betting software.
This strategically significant agreement will enable licensees of both solutions to enhance their player communications through personalised, real-time messaging across email, SMS, push notifications and a range of other channels.
As part of this exciting new partnership, Xtremepush becomes a Playtech Certified Partner, underpinned by a deep integration between its multichannel engagement platform and Playtech’s IMS player management system.
For operators, this will allow them to activate player and event data stored within Playtech’s IMS as part of individually relevant engagement campaigns delivered through the Xtremepush platform, creating play-centric engagement.
Seamless integration also allows for advanced personalisation and segmentation, true multichannel player engagement and a full suite of campaign optimisation tools.
“We’re delighted to have built this integration with Playtech, a company that we have long-since admired within the industry. Playtech has a deserved reputation for providing outstanding software solutions and we’re proud to become a certified partner. Our mutual clients are already experiencing the benefits of this collaboration, and we look forward to working closely together over the coming months and years,” Tommy Kearns, CEO at Xtremepush, said.
“Xtremepush is a key provider of multichannel engagement software in the industry. This integration enables our licensees to fully avail of its broad capabilities and deliver personalised acquisition, engagement and retention campaigns, powered by our IMS player management system. We are excited to see how this partnership will develop, and the impact it will have on operators,” Anthony Evans, VP of Products at Playtech, said.
Subscribe to our News via Email
Week 31/2022 slot games releases
BGaming announces a competition for streamers with a $15 000 prize pool
Online Casino Regulation
Incentive Games Launched Multiple Free-to-Play Games with bet365
CEEGC Budapest ’22 Speaker Profile: Andrius Gabnys – Founding Attorney at Gabnys.Gabniene
888 Signs Sponsorship Deal with Dinamo Bucharest FC
IBAS Unveils New Plans to Become the First Gambling Ombudsman
Lithuanian Regulator Issues Fines to Gaming Strategy Group and Tete-a-Tete Casino
New research from Niko Partners: Asia share of the global esports market continues to grow
Non-traditional content roundtable
Gaming Americas Weekly Roundup – July 4-10
What is the Future of Gambling Sites in Canada?
The future of retail: Talking betting terminals with Altenar
NODWIN Gaming’s first-ever televised BGMI Master Series breaks viewership records on Television
Saudi Esports Federation Enters into Partnership with ASUS Republic of Gamers
Exclusive Q&A with Warren Russell CEO/W2 Global Data
eSports6 days ago
Allan Phang Departs From Galaxy Racer
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – July 25-31
Asia6 days ago
ESports Premier League (ESPL) Season 2 Important Announcement
Conferences in Europe6 days ago
CEEG Awards 2022 voting session is now live – Check out the new rules, nominees and vote for your favorites!
Eastern Europe6 days ago
Roundtable – What is the state of play in the Romanian market?
Latest News6 days ago
Flows launches app marketplace on no-code automation platform
Asia6 days ago
BOOM Esports Leverages High-Performance Technology To Optimize Team Performance
eSports6 days ago
Veloce Esports announces long-term partnership with Next Level Racing