Playtech announced its financial results up to December 31, 2024, showing an 11% year-over-year increase in adjusted EBITDA to 480.4 million euros, with total revenue increasing by 5% to 1.79 billion euros ($1.93 billion).According to reports, this growth was primarily due to the strong performance
Flutter may face scrutiny during its fourth-quarter earnings call, especially after comments made by the local event organization Mettiamoci in gioco ("Let's join the game") and the national anti-usury advisory organization.The two called on operators (not specifically Flutter, but the winners of th
Vancouver-based GeoComply has announced a partnership with Snaitech S.p.A., the Italian sports betting operator, as it expands its European market presence.GeoComply is a technology company that detects location fraud, working with operators to help verify a user’s true digital identity, providing c
Playtech Investors Greenlight Disputed Executive Bonus PackageLate in November, we reported that Playtech investors are expected to vote on a €100 million ($109 million) executive remuneration proposal. The proposed bonus plan for key executives and new long-term incentive proposal followed the anno
Macquarie predicts that this NYSE-listed group's online market share in Brazil could grow by 150% in five years, from 10% to 25%.Senior gaming analyst Chad Beynon stated in the report that Flutter Brazil's growth will be driven by the Flutter Edge technology stack, "It has been proven to quickly imp
In May 2024, Flutter reported that its sports betting business FanDuel has become the largest iGaming operator in the United States, further consolidating its leading position in the sports betting sector.At the 2024 G2E exhibition, Flutter CEO Peter Jackson reflected on this and discussed with Gamb
CasinoBeats is breaking down the numbers behind some of the industry’s biggest stories. Our latest headline reflection features important developments for the United Arab Emirates’ gaming landscape and a Las Vegas farewell.$1.66bnWynn Resorts outlined its financial forecasts for its upcoming Wynn Al
As the tribal gaming sector continues to grow and evolve, it becomes increasingly crucial that commercial operators looking to embrace the sector understand the nuances of each tribe.The relationship between Tribal Gaming and the commercial casino sector was at the forefront of discussions during th
Playtech announced that driven by the growth of its B2B business, its adjusted EBITDA for the first half of the year increased by 11% to 243 million euros (271 million USD).The supplier also announced the sale of its Italian sports betting subsidiary Snaitech to Flutter Entertainment for 2.3 billion
Playtech is facing criticism from some of its shareholders over a proposed €100m ($110m) bonus scheme for its senior executives, including CEO Mor Weizer.The bonuses follow the company’s recent €2.3bn sale of its Italian sports betting and gaming unit, Snaitech, to Flutter Entertainment. This bonus
Two Investors Condemn Playtech’s €134M Executive Bonus ProposalAhead of the finalization of the sale of Snaitech, Playtech’s business-to-consumer (B2C) arm, to Flutter Entertainment in a multi-billion-dollar deal, investors in Playtech criticized a proposed compensation package of more than $100 mil
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 ros
Playtechreported an 11% rise in adjusted EBITDA to €243 million ($271 million) for the first half of 2024, as the company’s strategic focus on its B2B operations bolstered its financial performance. Revenue increased 5% year-on-year to €906.8 million ($1 billion), driven primarily by its thriving B2
According to Sky News, Playtech is in negotiations with Flutter Entertainment regarding the sale of its Italian brand Snaitech.The deal is expected to reach a formal agreement by next month at the earliest, and it is reportedly valued at approximately 2 billion pounds (2.57 billion USD).Previously,
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