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Playtech Releases Financial Results for Early 2024

Game development studio Playtech has released its financial results for the four months ending April 30. Rather than reporting quarterly, the company periodically issues earnings updates. According to Playtech's management, the company has shown solid trading results over these four months, supported by a strong underlying asset base.

Playtech highlighted that growth in regulated markets was primarily driven by the Americas. The US and Canada have increased their contributions, albeit from a small base, while Mexico and Colombia have continued to perform well. The company has also benefited from the rapid expansion of the live market, with its B2B casino offerings demonstrating significant strength during this period.

Meanwhile, Playtech remains embroiled in a financial dispute with its joint venture partner, the Mexican operator Caliplay. In October 2023, Caliplay initiated proceedings to dissolve the partnership.

25 May 2024, 08:00

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