Playtech releases optimistic Q1 statement

May 24, 2023
Leer en Español

The supplier plans to grow in B2B and B2C sectors, and outlines changes within its Board.

Playtech, software development company, has reported its Q1 progress after a divisional review. The supplier states that it is advancing toward strategic objectives for the year across both B2B and B2C divisions of the company.

The Q1 report referencing particular “continued strong growth” from Playtech’s brands Snaitech and Caliente. The Playtech Board of Directors also plans for 2023 adjusted EBITDA to somewhat surpass current expectations.

HappyBet, a sports betting platform, also has measures in place to reduce its EBITDA loss. It has already made a slight reduction year-on-year.

Highlights for the quarter included expanding into Latin America, with Caliente, as well as further developing its market presence in Mexico. A partnership with Hard Rock Digital was signed in March, with the intention to deepen Playtech’s reach within the US. Playtech has invested $85m as part of this agreement.  

Snaitech drove B2C performance, especially during football season following the World Cup. Both the retail and online segments saw growth, with Live Casino also gaining momentum.

The Playtech Board of Directors also announced changes within its structure as part of the report. Ruby Yam will join from June 1st as an Independent Non-executive Director. However, John Krumins will step down from his role after Playtech interim results are published in September.

Playtech CEO Mor Weizer said: “I am delighted to report that our strong start to the year has continued, with growth across both the B2B and B2C divisions.

“Our strategy of focusing on regulated or soon-to-be regulated markets, combined with Snaitech's impressive performance in Italy, means we remain well-positioned to make further progress and capitalize on the significant growth opportunities ahead.”


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
Virtual Showroom

Industry Awards





GA Newsletter

Exclusive news, analysis, insights, and interviews delivered straight to your inbox

Kevin Dennis - The Innovation Group & Troy Ross - TRM Public Affairs

Troy Ross, President TRM Public Affairs
Kevin Dennis, SVP Canada, The Innovation Group

Dennis and Ross join the GA Huddle to discuss one year of regulated sports betting in Ontario, reflecting on the market so far, its recently released sports betting figures and projections for the future.

Christopher Justice, CEO, Pavilion Payments

Justice talks Gaming America through the rebranding of Global Payments Gaming Solutions to Pavilion Payments, including: his role, the company's aims and ambitions - but why it is not losing its legacy while ushering in the new...

 Does it get bigger than the Big Apple? With the race for an NYC casino license heating up, the city is certainly getting plenty of attention for gaming right now. Accordingly, our magnificent team has produced an i...

Where is the payments industry headed?
Gaming America speaks to Christopher Justice (Pavilion Payments), John Skorick (MIDs), Anne Hay (PayNearMe), Victor Newsom (Everi) and Mandi Hart (Sightline).
Becoming a better bettor: WagerWire launches new BetValue Calculator
Travis Geiger of WagerWire speaks about the brand's attempts to launch a new concept, a social media community and a Bet Value Calculator through the ethos of ‘being a good hang.'
What is the best way for betting operators to advertise its services?
A look into infographics provided by Epom, to analyze which betting channels and methods are most appealing to betting companies.
Triggers, boundaries and a balanced reality
Accredited Financial Counselor Ambus Hunter Shares His Story of Recovering From Problem Gambling Addiction and Working Towards Financial Recovery