Playtech has confirmed a stable opening to 2025, reporting main progress in its US operations and finishing a transformative shift to a business-to-business (B2B) mannequin. In a buying and selling replace protecting January to April, the corporate pointed to “very strong” income features within the United States, notably throughout its Live, Casino, and Platform providers. This efficiency displays latest launches with top-tier US companions and alerts growing momentum within the area.
The agency, which is listed on the London Stock Exchange, additionally pointed to stable contributions from its high-margin Software-as-a-Service (SaaS) section. This division continues to see robust outcomes throughout varied operators and jurisdictions.
Strategic Shift Solidified With Snaitech Sale
A key a part of Playtech’s transformation was the finished sale of its Italian-facing enterprise, Snaitech S.p.A., to Flutter Entertainment for €2.3 billion. With the transaction finalized on April 30, the corporate is distributing roughly €1.8 billion again to shareholders by means of a €5.73 per share particular dividend. This cost is scheduled for June 12, with shares going ex-dividend on May 8.
As a part of its monetary restructuring, Playtech can also be retiring the remaining €150 million of its €350 million senior secured notes forward of their 2026 maturity date. This early reimbursement is meant to boost the group’s capital construction and scale back future curiosity prices.
Latin America Poses Regulatory Hurdles however Holds Promise
Despite its upbeat world outlook, Playtech acknowledged challenges in Latin America. New regulatory frameworks are affecting revenues in key markets. The firm cited Brazil’s transition to a regulated mannequin and Colombia’s non permanent VAT cost on gaming actions as creating “initial headwinds.”
Still, executives stay optimistic in regards to the area’s long-term potential. According to the replace, “We remain positive about the opportunities these markets present to our business.” Notably, Playtech’s three way partnership with Caliplay continues to carry out properly following modifications to its income construction. The agency now receives dividends as a substitute of service charges, holding a 30.8% fairness stake within the enterprise.
Leadership Update and Strategic Outlook
In line with beforehand outlined succession plans, John Gleasure has formally taken over as Chairman, succeeding Brian Mattingley. CEO Mor Weizer emphasised that the primary few months of 2025 have marked a major section in Playtech’s strategic realignment. “It has been a busy start to the year for Playtech as we transition to a predominantly pure-play B2B business,” he stated. “With the sale of Snaitech now completed, we have significantly strengthened our balance sheet and will return approximately €1.8bn to shareholders as a special dividend.”
Weizer additionally highlighted the corporate’s confidence in its long-term technique: “Given the strategic and operational progress being made across the business, we remain confident in Playtech’s ability to execute on the exciting growth opportunities over the medium term.”
Playtech Continues to Refine Its Portfolio
In addition to the Snaitech exit, Playtech is making progress on the potential sale of HAPPYBET, its German-facing sportsbook operation. An additional replace on that divestment is predicted quickly. Both strikes mirror Playtech’s ongoing effort to focus solely on supplying know-how and providers to the worldwide playing business by means of a pure B2B mannequin.
Source:
Playtech says start to year ‘busy’ amid sharp revenue growth in US, Shares Magazine, May 21, 2025
