Playtech expects full year results will be ahead of estimates

Online gambling software developer Playtech plc has issued a post-close trading statement confirming that the company has continued to perform strongly in the fourth quarter and expects to exceed analyst expectations for the full year.

The statement notes that Playtech has completed the rollout of further products, specifically focusing on its mobile and sports verticals both in Europe and elsewhere, as part of a strategy to further diversify its business and create the building blocks for future growth.

In line with its strategy, the company has continued to strengthen its position by signing new licensees and cooperating closely with existing licensees ahead of major sports events later this year.

CEO Mor Weizer says it is the Board’s expectation that both total revenues and adjusted EBITDA for the full year will be marginally ahead of current analysts’ consensus.

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