Playtech trading update highlights significant progress in US and Latin America

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Playtech plc has cited ‘significant progress’ in growth markets including the US and Latin America in its latest trading update for the period from January 1 to June 30, 2021. The announcement comes ahead of its interim results which are due on September 23, 2021.

The firm told investors that it has performed in line with expectations since its last update on May 26 2021, with its online businesses continuing to trade very strongly. 

Overall H1 results were, it noted, in line with expectations at the start of the year albeit with a different mix of contributions than originally anticipated. 

The statement read: “Playtech has continued to make significant progress against its strategic and operational objectives, including in its key target growth markets of the US, Latin America and Europe. 

“In the US the company signed a strategic, multi-state, multi-product deal with the Greenwood companies which operate the Parx Casino, and subsequently launched in Michigan with further launches planned later in 2021 and 2022.” 

Elsewhere, the firm cited further progress including entering into a strategic agreement with Holland Casino in Europe, a new global distribution agreement with Scientific Games and continued strong performances from Caliente and others in Latin America.

On the outlook it added: “Whilst the COVID-19 pandemic continues to pose challenges and the macroeconomic outlook remains uncertain with the possibility of further unexpected lockdowns, given the strong H1 performance and the momentum within the business, the Board is confident of the company’s prospects for the remainder of 2021 and beyond.”