Join our community of smart investors

Playtech’s profits slump on Covid-19 disruption

While online gambling revenue surged during lockdown, this was unable to offset the impact of cancelled sports and retail closures
Playtech’s profits slump on Covid-19 disruption

Gambling software provider Playtech (PTEC) has been squeezed by the cancellation of sporting events around the world as well as the closure of retail betting shops in response to Covid-19. The group’s adjusted cash profits fell by 15 per cent at constant currencies in the six months to 30 June, to €163m.

Join our community of smart investors

Subscribe today and enjoy unlimited access
  • Comprehensive companies coverage
  • Actionable commentary, ideas and portfolios
  • Tools and data to help you manage and track investments
  • Help managing your portfolio
Explore subscription options

Already a subscriber?

Sign in