Playtech eyes growth as B2B transition accelerates with strong U.S. gains

Gambling technology provider Playtech said on Wednesday it had made a strong start to 2025, underpinned by robust U.S. growth and ongoing progress toward becoming a stand-alone B2B-focused company.

The London-listed firm highlighted “very strong revenue growth” in the United States across its Live, Casino, and Platform offerings, citing successful launches with major operators. Its Software-as-a-Service (SaaS) division also delivered solid multi-operator and multi-geography growth.

“It has been a busy start to the year for Playtech as we transition to a predominantly pure-play B2B business,” Chief Executive Mor Weizer said. “Our core B2B business has delivered a solid performance in the first four months of the year, with a standout performance in the US.”

Playtech reported early regulatory headwinds in Latin America, particularly around Brazil’s transition to a regulated market and a temporary VAT in Colombia. However, the company remains upbeat about the region's long-term potential.

“We remain positive about the opportunities these markets present to our business,” Playtech said.

The company also pointed to the continued success of its Caliplay joint venture, which now operates under a revised revenue model. “Playtech ceased receiving B2B service fees and began collecting dividends as a 30.8% equity holder in the venture,” the company noted.

In a significant move to streamline its operations, Playtech completed the €2.3 billion ($2.61billion) sale of Italian gaming firm Snaitech to Flutter Entertainment on April 30. The proceeds will be partly used to fund a €1.8 billion ($2.04 billion) special dividend to shareholders, scheduled for payment on June 12.

“With the sale of Snaitech now completed, we have significantly strengthened our balance sheet and will return approximately €1.8bn to shareholders as a special dividend,” Weizer said.

In addition, Playtech will redeem the remaining €150 million ($170 million) of its €350 million ($396 million) senior secured notes on June 2, ahead of their original March 2026 maturity, and is progressing with the sale of HAPPYBET as part of its strategy to focus exclusively on B2B operations.

At its annual general meeting, Playtech confirmed the appointment of John Gleasure as Chairman, succeeding Brian Mattingley.

“Given the strategic and operational progress being made across the business, we remain confident in Playtech’s ability to execute on the exciting growth opportunities over the medium term,” Weizer added.