Online gaming software solutions provider Playtech has reported steady progress in its LatAm business and highlighted the potential of the US market in its financial results for the six months ended June 30 2018. The firm, which saw total revenues (excluding Asia) up by 35 per cent, cited key wins in strategic markets as instrumental to the solid performance.
Alan Jackson, chairman, commented: “In Latin America Playtech continued to execute on its strategic advantage in the region by signing a new agreement with Sportium Colombia to provide its sportsbook technology across the retail and online environments in the new and emerging regulated market.
CEO Mor Weizer noted: “Latin America remains a key growth territory for online gaming. Mexico is now one of Playtech’s top five regulated markets by player jurisdiction (since FY 2017). This is following the growth of licensee Caliente which in the first half of 2018 extended its relationship with Playtech by integrating the Playtech BGT Sports sportsbook into the existing Playtech Casino offering.
“Also in the region, and again driven by progress in sports, Playtech launched an integrated sportsbook across retail and online environments for Sportium. The strength of operations in Latin America positions Playtech well, with the potential significant markets of Peru and Brazil currently reviewing regulations and representing significant opportunities.”
Turning to US activities, Weizer commented: “Recent regulatory changes in the US represent a significant opportunity for the Group and Playtech is currently in the process of applying for a license in the State of New Jersey. Playtech is currently a actively pursuing opportunities across the US and has strategic optionality within its technology stack in order to pursue joint ventures, partnerships and B2B deals with land-based casino groups, media groups and existing international clients.”
