Playtech notes a resilient H1 2020 with online leading the way

If you want a fast overview of how the entire gambling market has done so far in 2020, looking at Playtech’s latest trading update gives a pretty good idea. The company notes a “resilient” H1 2020, with some areas of growth and a few areas that definitely struggled.

Overall, they noted that the company’s online businesses and TradeTech helped keep the engine going, with an Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization) of “more than €160 million.” They also note that July was strong, and with some retail locations reopening, they expect a return to normality.

Breaking it down, they note that online casino, live, bingo and poker saw increased play in the first half of the year, although that’s now dropping back down to normal levels. B2B Sports took a hit, and still haven’t recovered to pre-Covid-19 levels.

Snaitech, the company’s Italian facing betting operation, is now starting to recover, with retail outlets reopening as of June 15 and HPYBET is now back in business in Germany and Austria as well. Sun Bingo is noted as a strong performer, but no details are given otherwise.