Half-year results for Playtech have displayed growth for the company.
The company's revenue increased 69 per cent €736.1m and adjusted EBITDA rising 31 per cent to €190.6m.
Core B2B gaming revenue grew by eight per cent in regulated markets on a constant currency basis, while strong cost control and revenue growth boosted this segment’s margin to 29 per cent.
Revenue from B2C operations increased to €438.2m, driven primarily by the integration of Snaitech and its strong performance. Revenue from regulated markets improved to 87 per cent.
Alan Jackson, chairman of Playtech, said: “Playtech’s combination of scale and leadership in technology continues to deliver growth and strategic progress in our core gambling businesses. In H1 this continued progress has driven group regulated revenue to a new high of 87 per cent.
"In our B2B business double digit growth in regulated markets outside of the UK has been accompanied by landmark new licensee wins in key regulated markets, laying the foundations for future growth. In our B2C business, Snaitech continues to go from strength to strength demonstrating impressive growth momentum in a key market.
"The continued strength of the core business has allowed Playtech to continue its flexible shareholder returns policy, today declaring an additional buyback programme alongside an interim dividend.”
