Playtech Predicts EBITDA to Rise in Trading Update

Casino software giant Playtech has announced their latest trading update wherein they noted that they’re expected earnings before interest, tax, depreciation, and amortisation to reach at least €300 million for the fiscal year 2020.

The company noted that it has launched operations in the US market after obtaining licenses in New Jersey and the state of Michigan, and it is also expanding in Latin America due to agreements signed in Colombia, Costa Rica, Panama, and Guatemala.

Covid has posed some challenges for Playtech, but the group has worked to expand their software offerings while offloading the likes of social gaming firm YoYo Games. The group says that their second half of the year was a bit rough but was offset by a very strong first half of the year.

Financial results for the fiscal year are expected to be ready and published on March 11th, 2021.

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