Playtech highlights Latin American headwinds in trading update

Source: CDC Gaming

Playtech has highlighted challenging headwinds in the Latin American market in its trading update on the first four months of the year.

The company drew attention to new regulations in two nations in the region that have affected its performance. The first was Brazil’s transition to a regulated gambling market, and the second related to Colombia’s introduction of a VAT charge on gambling products.

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Despite this, the company stated that it remained optimistic about the opportunities in the region.

Also mentioned in the report was strong growth in fees from the gambling site Caliplay, the joint venture that Playtech entered into with Mexican sportsbook company Caliente.

The Caliplay partnership had previously run into difficulties due to disputes over payments. Still, under a new strategic agreement that took effect at the end of March, Playtech can earn dividends on its 30.8% company share.

Playtech’s report highlighted strong revenue growth across its casino, platform, and live segments, particularly in the Americas, as it transitions to what it describes as a ‘pure play B2B’ business model.

That aim may also have been behind the sale of Italian gaming company Snaitech to Flutter Entertainment, which was finalized on April 30.

Flutter, which has been increasing its share of the US igaming and sports betting market, paid €2.3 billion (US$2.59 billion)1 EUR = 1.1281 USD
2025-05-22Powered by CMG CurrenShift for Snaitech, representing an almost threefold increase in the value of the company, which Playtech purchased for €846 million (US$954 million)1 EUR = 1.1281 USD
2025-05-22Powered by CMG CurrenShift.

Playtech has announced that €1.8 billion (US$2.03 billion)1 EUR = 1.1281 USD
2025-05-22Powered by CMG CurrenShift of the sale proceeds will be paid as a special dividend to shareholders.

“Our core B2B business has delivered a solid performance in the first four months of the year, with a standout performance in the US. 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,” said Chief Executive Mor Weizer.  

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