Playtech is set to reach EBITDA target

Playtech, the development company for gambling software, has declared to be ready to achieve an established EBITDA of € 320 million for 2018th year.

The distributor published a trade declaration for the period from June 30 to the present time indicating the company’s performance is in line with forecasts for the semi-annual phase.
It’s noted that revenue derived from the Asian market has stabilized by approximately € 150 million.

The Italian casino software provider Snaitech, also increased revenues in July after joining Platech. Playtech representatives say they are satisfied with an acquirement as the company lives up to expectations.

Reporting on the financial position of Playtech group of companies, the special attention is paid to the fact that Playtech has improved the efficiency of its balance by selling shares of Plus500 international company and successfully completed the transfer of bonds for € 530 million euros since July, 30.