Gambling software firm Playtech’s full-year earnings came in ahead of market expectations as a string of prior deals with US casinos helped drive growth.
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Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) came in at €432.3m [$467.5m], a nine per cent rise year-on-year and ahead of already bumped-up guidance.
Adjusted post-tax profit fell two per cent to €156.8m [$169.6m] as the London-listed firm netted €1.7bn [$1.8bn] in revenue.
The Americas proved the biggest driver of growth, with revenue up 46 per cent to €211.9m [$229.2m]. Playtech noted the opening of a a third US live casino in Pennsylvania, taking its tally in the country to 11 and with further applications pending.
