Playtech Records Earnings Of Over 300 Million Euros In 2020

Playtech, one of the world’s leading providers of software and content for online casinos, expects to record earnings of around 300 million euros for 2020, despite the difficulties brought forward by the novel coronavirus pandemic.

The company released a trading update for the London Stock Exchange, in which it mentioned that its earnings before interest, tax, depreciation and amortisation (EBITDA) should be around that figure, pending the release of a definitive report in March.

Last year surely was an important one for Playtech, a year in which they managed to reach some strategic milestones. One of those was the entry into the United States market, through a partnership with BetMGM.

The company also boosted its presence in Latin America through partnerships with Caliente in Mexico, Wplay in Colombia, along with other agreements for Guatemala, Costa Rica and Panama.

The European market has yielded good results as well, as the company’s subsidiary in Italy, Snaitech, has registered significant growth. Playtech was founded in 1999 in Estonia and has grown into a global company, employing over 5,900 people all around the globe and providing software and live dealer games for the biggest online casinos on the market.

In 2020, Playtech also launched its corporate social responsibility strategy, named “Sustainable Success.” In brief, the strategy establishes that the company’s goal is to maintain its great revenues and solid customer base, but at the same time the corporation wants to make sure that the players are protected and given a safe gambling environment.

Under the terms of this strategy, in September Playtech signed an agreement with Canadian non-profit organization the Responsible Gaming Council. That deal was set up to have Playtech use their experience to help the Responsible Gaming Council refine their research on the links between mental health and gambling.

Then, two months later, Playtech decided to integrate Affordability UK technology into its information management solution platform. That move was aimed to support the casino operators that work with Playtech’s platform in meeting regulatory requirements, but will also allow them to better protect the players.

Source: “Trading Update“. Playtech. January 12, 2021.