Gambling tech provider Playtech announced on Wednesday, May 21, a strong beginning to 2025, with solid growth in the U.S. and continued momentum toward transforming into a dedicated B2B-focused business.
The London-listed company reported "very strong revenue growth" in the United States, particularly across its Live, Casino, and Platform segments, boosted by successful rollouts with leading operators. Its Software-as-a-Service (SaaS) division also performed well, showing growth across multiple operators and geographies.
Chief Executive Mor Weizer said:
"It has been a busy start to the year for Playtech as we transition to a predominantly pure-play B2B business. Our core B2B business has delivered a solid performance in the first four months of the year, with a standout performance in the US."
Despite encountering early regulatory challenges in Latin America - most notably due to Brazil's market transition and a temporary VAT in Colombia - Playtech remains optimistic about the region's potential.
"We remain positive about the opportunities these markets present to our business," the company said.
Playtech also highlighted continued success from its Caliplay joint venture, which now operates under a revised revenue model. "Playtech ceased receiving B2B service fees and began collecting dividends as a 30.8% equity holder in the venture," the company explained.
A major step in Playtech's strategic transformation was the €2.3 billion ($2.61 billion) sale of Italian gaming company Snaitech to Flutter Entertainment, completed on April 30. The proceeds will help fund a €1.8 billion ($2.04 billion) special dividend, set to be paid to shareholders on June 12.
Weizer said: "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."
Playtech also plans to redeem the remaining €150 million ($170 million) of its €350 million ($396 million) senior secured notes ahead of their original March 2026 maturity date, with the redemption scheduled for June 2. Additionally, the company is moving forward with the sale of HAPPYBET as part of its commitment to becoming a fully B2B operation.
At its annual general meeting, Playtech confirmed the appointment of John Gleasure as Chairman, taking over from Brian Mattingley.
"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," Weizer added.
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Source:
https://www.yogonet.com/international/news/2025/05/21/105526-playtech-eyes-growth-as-b2b-transition-accelerates-with-strong-us-gains
