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Playtech Registers Strong Start to 2023, Expects to Beat Earnings Target

Posted on June 6, 2023 | 5:56 am

Playtech, one of the world’s most prominent providers of slot games and live casino content, has announced that it expects to beat its earnings target for 2023 after having registered very good results in the first quarter of the year.

The information was made public by the company in a trading statement, which underlined that Playtech’s B2B and B2C divisions have performed well during the first four months of 2023, allowing the business to make progress towards its strategic objectives.

Most of the growth came from Playtech’s operations in Italy through Snaitech and in Mexico through Caliente. At the same time, Playtech also made good progress in the United States as it purchased a stake in Hard Rock Digital for 85 million dollars.

That purchase is part of a larger deal between the two sides, an agreement which includes the right for Hard Rock Digital to license a range of Playtech’s technology solutions and igaming content. Following the Playtech deal, Hard Rock Digital customers in the United States and Canada got access to slot games from the supplier along with live dealer games and random number generator titles.

In February 2023, Playtech made another strategic investment in North America, spending 12.25 million Canadian dollars to acquire a stake in NorthStar Gaming, the Canadian casino operator based in Toronto, Ontario.

The company also revealed that its live casino division also made good progress during the first four months of 2023, while the SaaS business also grew thanks to new customer signings.

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Earnings Growth Expected

Despite the good results recorded in the first quarter, Playtech did mention that it expects the growth rates to slow down later in the year. Nevertheless, the full year results should bring earnings that are expected to exceed the initial forecasts.

Mor Weizer, the Chief Executive Officer of Playtech, declared himself “delighted” with the company’s results during the first quarter of 2023 and explained that both the business-to-business and business-to-client divisions recorded growth.

“Our strategy of focusing on regulated or soon-to-be regulated markets, combined with Snaitech’s impressive performance in Italy, means we remain well-positioned to make further progress and capitalize on the significant growth opportunities ahead,” the Playtech CEO concluded.


“Playtech expects to beat earnings target after “strong” start to 2023“. iGaming Business. May 24, 2023.

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