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the-playtech-trading-update:-there-is-progress-on-the-ttb-offer-but-no-certainty-yet

The Playtech Trading Update: There is progress on the TTB offer but no certainty yet

Posted on May 5, 2022May 5, 2022 by Ronald Lowe

Playtech has published a trading update that suggests a positive start to 2022, with an adjusted EBITDA for the first three months of more than €100m ($105.9m).

The trend has been ongoing from Q1 to April. The results can be seen across B2B or B2C businesses. Snaitech is seeing positive results through both online and offline business.

B2B success has been encouraged by strong momentum in the Americas, particularly with Caliplay Mexico and wider B2B operations like live casino.  

A number of licensees have been signed and a variety of games launched by the live casino industry. 

Playtech in North America has gained new clients in the US, and the parties have agreed to terms for several partnerships in Canada after the Ontario market opened. 

While there are positive aspects, potential uncertainty is also created by the impact of both the pandemic and the conflict in Ukraine. 

There has been progress with TTB Investor Group regarding possible offers for the company in terms of corporate activity. It is not yet possible to guarantee the completion of the deal or the terms thereof.

Playtech and Caliplay are exploring possible options that might allow Caliplay to quickly enter the US markets, in spite of current market conditions.

Finalto has been disposed of with the two remaining regulatory clearances received. 

On Thursday, June 30, 2022, a General Meeting will be held. 

Studio City first quarter revenue down 58% Macau’s integrated resort Studio City has reported total operating revenue for Q1 2022 of $12m, down 58% from the same period in 2021….

The Advertising Standards Authority (ASA), announced earlier this month new regulations that severely limit the use of celebrities and sportspeople in advertising for gambling. The UK’s advertising regulator…

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