Due to the "hard work, resilience and commitment" of its people, Playtech made significant strategic and operational progress in 2020 despite the impact of the Covid-19 pandemic.
The company entered the US market, receiving a licence and launching with bet365 and Entain in New Jersey, and, in December 2020, receiving regulatory approval to launch in Michigan.
The company also furthered its leadership in Latin America with strong growth at Caliente in Mexico, going live with Wplay in Colombia and signing new structured agreements in Guatemala, Costa Rica and Panama. Snaitech continued to strengthen its market leading position in Italy with very strong online growth and gains in market share.
In 2020, Playtech also launched its new sustainable business strategy, Sustainable Success. The strategy will consolidate Playtech's position as a global leader in safer products, data analytics and player engagement solutions.
Playtech is supporting its licensees and partners to ensure that pre-Covid Safer Gambling commitments and industry codes of conduct to further safeguard consumers during the crisis are met and are effective.
This strategic and operational progress helped drive a solid financial performance for 2020 with adjusted EBITDA expected to be at least €300m.
While the pandemic continues to pose challenges and the macroeconomic outlook remains highly uncertain, Playtech remains well placed to make further strategic and operational progress in 2021.