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Playtech, one of the world’s most powerful providers of video slots and live dealer games for online casinos, experienced a significant drop in revenue in 2020 because of the novel coronavirus pandemic.
The company’s revenue for the year was 1.08 billion euros, 25.1% down compared to the revenue recorded in 2019. The major factor behind this drop was the impact of Covid-19 on retail, several brick-and-mortar gambling locations had to be closed for months and that affected the supplier’s business-to-business (B2B) and business-to-consumer (B2C) operations.
In fact, Playtech’s revenue was almost evenly split between B2B and B2C streams. Business-to-business revenue experienced a 10.7% drop to 494 million euros, while business-to-customer revenue dropped by 33.8% to 596 million euros.