Playtech Sees H1 Results ‘In Line with Its Expectations’

Fazzaco learned that Playtech​ plc, an online gaming and financial trading firm, has issued a brief Trading Update on its performance in the first half of 2021, stating that it sees results 'in line with its expectations'.

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The Trading Update did not provide much in terms of details. While it informed on the ongoing performances of its core B2B and B2C business. The company will release its interim results on September 23. 

"Overall H1 results were in line with its expectations at the start of the year albeit with a different mix of contributions than originally anticipated," Playtech stated. 

"The very strong performance from B2B online, particularly Caliente and Snaitech's online business offset the impact of the longer than expected retail closures in Italy."

"Playtech has continued to make significant progress against its strategic and operational objectives, including in its key target growth markets of the US, Latin America and Europe. In the US, the Company signed a strategic, multi-state, multi-product deal with the Greenwood companies, which operate the Parx Casino, and subsequently launched in Michigan with further launches planned later in 2021 and 2022," the company added.