Gaming giant Playtech expects has reiterated its earnings guidance for 2019 of between €390m and €415m ahead of the company’s annual general meeting.
The group, which struggled last year with a disappointing performance in Asia, also said that chairman Alan Jackson is to step down. Playtech stated that it has made “significant progress” on executing its strategy and strengthening corporate governance in the past 12 months with a series of new non-executive director appointments.
"To meet the changing demands of our dynamic industry, the board has evolved significantly over the course of the last year with Susan Ball, John Krumins, Anna Massion and Ian Penrose joining Playtech as Non-Executive Directors," Playtech stated.
"With these appointments now in place, the board, led by Alan Jackson, will now turn its attention to overseeing a full, thorough succession planning process to identify a new chairman, allowing for a period of stability and integration.
"From an operational perspective, revenues from Regulated B2B Gaming have continued to show similar trends reported at the time of the full-year results in February.
“We are pleased to have signed a new long-term agreement with GVC to provide Playtech's leading services and products to all GVC brands in existing and new markets, which was announced shortly after full-year results.
"In line with previous announcements, revenues from non-regulated B2B gaming are materially lower than in the same period last year due to our continuing shift to regulated markets as well as the drop in revenues in Asia. The backdrop in Asia remains highly competitive.
"Management is confident that actions taken in 2018 and in 2019 to date have delivered a strong platform for further strategic and operational progress in 2019 and beyond."
