Casino gains drive Playtech 25% revenues jump

Software provider reveals strong H1 performance but a dip in EBITDA margin thanks to poor Sun Bingo performance

Playtech has reported a 25% year-on-year rise in H1 revenues to €421.6m (£388.6m), fuelled by its core online casino business and benefits from recent acquisitions. EBITDA rose 19% to €170.9m (£157.5m) but the firm’s EBITDA margin fell by 2.1pp from H1 2016, partly due to losses from its contract with Sun Bingo. The FTSE 250…

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