Playtech upgrades guidance as B2B business grows amid Snaitech sale
Regulation · 2024-10-01
Playtech upgrades guidance as B2B business grows amid Snaitech sale
Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm, and said it will deliver €1.7bn [$1.9bn] to shareholders via the sale of Snaitech.
Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m [$271m], driven by “strong performance across the B2B business”, Playtech said.
The company said it was on course to deliver full-year adjusted EBITDA slightly ahead of expectations.
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