Gaming software, systems and services supplier Playtech has announced that its gaming revenues are up on last year, excluding Asia where a strong performance 12 months ago and increased competition is having an adverse impact on figures.
“Management is taking steps to protect its position in the region and drive revenues,” Playtech said in a statement this morning, having made what it termed “significant progress” on its strategy in 2018 both on an organic and inorganic basis.
Playtech also stated that following the acquisition of Snaitech, the company is seeking further M&A opportunities.
"As announced earlier this year, new sports and casino agreements have been secured, including with SAS in Portugal and Totalizator Sportowy in Poland, which will deliver significant long-term growth opportunities,” Playtech stated.
“The acquisition of Snaitech, announced in April, will create the first vertically integrated gambling operator in Italy and provides material earnings accretion. Taken together, these strategic initiatives will materially increase the proportion of Playtech's regulated revenues and improve the diversification of the business.”