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Playtech hit by impairment charges and casual gaming losses in 2019

27th February 2020 10:22 am GMT
Playtech

London-listed gaming supplier and operator Playtech has reported a 23 per cent increase in revenue from continuing operations to €1,508.4m in 2019, although higher amortisation and impairment charges and losses in casual gaming weighed heavily on the bottom line.

Playtech’s revenue growth was driven by its B2C division, which includes the Snaitech business in Italy, HPYBET in Germany and Austria and white label operations such as Sun Bingo, with B2C revenue climbing 56 per cent year-on-year to €900.5m.

B2C

Snaitech led the B2C [...]

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