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Playtech’s US growth prospects are enticing

The price/earnings ratio looks for very affordable given the growth potential in North America
March 23, 2023
  • B2B profit expected to increase 50 per cent
  • B2C could slow as economic conditions tighten

The concern with Playtech (PTC) is that as the economy weakens people will gamble less. However, there is so far no sign of a slowdown. Last year, business-to-consumer (B2C) gambling revenue increased 48 per cent to €983mn (£855mn). In part, this is because the pandemic effect in 2021 provided some easy comparators but, even then, the Italian B2C business Snaitech continued to grow in the second half of the year.

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