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Playtech hails 'resilient' first half despite 44% profit drop

By BFN News | 07:43 AM | Thursday 17 September, 2020


Gambling company Playtech's adjusted profit fell 44% in the first half of 2020 compared with the first six months of last year, it announced this morning. Earnings before interest, tax, depreciation and amortisation were €162.3m, down 16%. The company said the "resilient" result was driven by online and tradetech performance in particular. Revenue from gambling totaled €476.7m for the first half, down from €688.7m. White label B2C gambling, including the company's powering of Sun Bingo, was up 21% to €29.5m. CEO Mor Weizer highlighted Europe and Latin America as key growth markets for the company. Story provided by StockMarketWire.com

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