Source - Alliance News

Playtech PLC - Isle of Man-based gambling software development company - Says it has continued to perform strongly since interim results were released in September. Now expects adjusted earnings before interest, tax, depreciation and amortisation for 2022 of at least €400 million, up 26% versus €317.1 million in 2021.

Playtech says growth is driven by its Snaitech business in Italy, in which it holds a 71% stake, as well as its business-to-business division. Snaitech is a Milan-based betting platform bought by Playtech in 2018.

Playtech will release its results for 2022 on March 23.

Current stock price: 570.50 pence, up 2.3% in London on Thursday morning

12 month change: down 4.5%

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