Snaitech departs Milan listing today
News on 3 Aug 2018
News on 3 Aug 2018
Italian sports betting giant Snaitech, recently acquired by Playtech plc, delisted in Milan Friday, posting legacy H1-2018 figures that continued to impress.
* Online betting revenues rose 23 percent to Euro 255 million aided by the recent World Cup football championships;
* Online gaming revenue rose by 22 percent to Euro 674 million.
* Retail numbers slumped, with sports betting down over 2 percent at Euro 376 million as punters increasingly chose the online environment;
* Overall, Snaitech took Euro 80 million in wagers on the World Cup – double the 2014 total – and generated revenue of Euro 11.6 million;
* Total wagers rose 2 percent y-o-y at Euro 5.3 billion;
* Overall EBITDA was up a third at Euro 74 million.
