Playtech reports 16% H1 EBITDA drop-off during “resilient” reporting period

B2B gaming arm and TradeTech subsidiary help steer industry giant through coronavirus pandemic

Playtech has recorded adjusted EBITDA of more than €160m in H1 2020 as its multi-faceted business approach resulted in a “resilient” reporting period. The London-listed supplier saw EBITDA fall 16% from H1 2019 (€190.6m) as Covid-19 retail closures across the world financially impacted the group. Playtech noted its Italian B2C arm Snaitech lost significant revenue…

Finance | Mor Weizer | Playtech | Q2 2020 | Snaitech