Playtech reports 4.9% revenue rise to €1.79 billion
Playtech has reported revenue of €1.79 billion (US$2.01 billion)1 EUR = 1.1223 USD
2025-05-08Powered by CMG CurrenShift in 2024, a rise of a 4.9% from €1.71 billion (US$1.92 billion)1 EUR = 1.1223 USD
2025-05-08Powered by CMG CurrenShift in 2023.
However, the figures also showed that the rate of revenue growth had continued to slow down, from 6.6% in 2023 and 32% in 2022.
The company continued to perform strongly in its core business-to-business area in 2024, revealing a 22% growth rate in EBITDA.
Much of that success was due to some significant developments during the year. The sale of Italian gaming company Snaitech to Flutter Entertainment, owner of US sportsbook FanDuel, generated €2.3 billion (US$2.58 billion)1 EUR = 1.1223 USD
2025-05-08Powered by CMG CurrenShift and represented a near-threefold return on investment.
Playtech also profited from new partnerships with Atlantic City casino Ocean Casino and entertainment group Delaware North.
The supplier also signed a partnership with MGM Resorts International. The new MGM Live brand will stream live casino gaming directly from the floor of the MGM Grand and Bellagio casinos.
According to the company’s annual report, Playtech expects continued growth through its strategic partnerships with US operators Hard Rock Digital and DraftKings, with Playtech forecasting market growth of 25% between 2024 and 2027.
Dig deeper
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