Playtech, a global technology company providing gambling software and services, has announced its strong financial performance for the first half of 2022. With revenue of €792.3m ($777.9m), representing a remarkable 73% increase compared to the previous year, Playtech has surpassed expectations. The company’s strategic and operational progress has been lauded by CEO Mor Weizer. Additionally, Playtech has recently appointed Samy Reeb, an experienced professional with a background in wealth and tax advisory, to its board.
Samy Reeb’s Appointment:
Playtech’s non-executive chairman, Brian Mattingley, expressed his excitement about Samy Reeb joining the company, citing his extensive experience and knowledge of Asia as valuable assets. Reeb’s expertise in wealth advisory, gained during his tenure at Julius Baer and the 1291 Group, will provide added depth to the board and contribute to the execution of Playtech’s strategy.
Playtech’s Financial Performance:
Despite the prevailing macroeconomic and geopolitical uncertainties, Playtech remains optimistic about its future prospects. The company’s impressive revenue growth in H1 2022 demonstrates its resilience and ability to deliver against its strategic goals. The completion of the sale of Finalto in July further enhances Playtech’s financial standing. Notably, the company reported strong cash generation during the first half of the year.
CEO’s Remarks:
Mor Weizer, the CEO of Playtech, expressed his delight with the positive start to 2022 and the exceptional financial performance of the company. The H1 results exceeded expectations, and significant progress has been made towards achieving strategic and operational objectives.
Playtech’s substantial revenue increase and promising financial performance in H1 2022 showcase the company’s continued growth and success. The addition of Samy Reeb to the board further strengthens Playtech’s leadership team. With its robust cash generation and completion of the Finalto sale, Playtech is well-positioned to navigate the challenges of the global market. The company’s strong strategic and operational progress underpins its positive outlook for the future.