Half Year Results 

Playtech benefits from Snaitech acquisition

Playtech benefits from Snaitech acquisition

The revenue boost at Playtech (PTEC), a supplier of online gaming software, was largely due to a full period’s contribution from Snaitech, the group’s business-to-consumer (B2C) division based in Italy. Management called Snaitech the “standout performer”, with adjusted cash profits up by more than a quarter to €74.7m (£67.7m), driven by strong online revenue growth of 22 per cent. Encouragingly, management said there has been “no impact” from the advertising restrictions in Italy that came into effect in July.

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