The leading technology company offering services and solutions to the gambling industry across the globe, Playtech plc, enjoys outstanding 2026 results ahead of expectations, driven by solid performance of its Americas operations.
On Tuesday, the company released a trading update highlighting the performance of its Americas operations, despite headwinds from the gambling markets in the UK and Brazil.
In Brazil, the legal gambling market was effectively banned overnight, a move that impacted Playtech and other gambling companies. The country’s legal gambling sector had only operated for a few years before the ban.
On the other hand, in the UK, an increase in the Remote Gaming Duty from April had also affected Playtech along with other regulated gambling companies.
Still, the company acknowledged the outstanding performance of its innovative product based on Past Motor Racing (PMR) results.
Notably, Playtech was the first to market the product together with Hard Rock Digital and exhibited significant growth in the first half of 2026.
The solid performance continued through the second half, a press release by the company reveals.
Playtech acknowledged that additional PMR suppliers are expected to introduce similar products and such launches are expected to "have a more material impact on Playtech’s wallet share into 2027."
With its latest trading update, the company confirmed it now expects Adjusted EBITDA for the year ended December 31, 2026 to be more than €300m, above the previous expectation which was in the range of €271m to €285m.
Mor Weizer, Playtech’s CEO, spoke with excitement about the company’s performance since the start of the year.
"We have continued to deliver an excellent performance in 2026 to date, reflecting sustained momentum in regulated markets, notably the Americas," he explained.
Moreover, Weizer pointed out: "Performance in the US, driven by our partnership with Hard Rock Digital, has remained strong, contributing significantly to profitability and cash flow, while Mexico and Colombia have benefitted from tailwinds after the Men’s FIFA World Cup."
Focusing on the future, the executive pointed to potential challenges in 2027 that will include the growth of third-party PMR suppliers, political developments in Brazil and the full-year impact of the Remote Gaming Duty in the UK.
Still, Weizer concluded that Playtech remains confident in the strength of its business and ability to grow its presence in regulated gambling markets across the globe.
Image credit: Pixabay.com
