Playtech has reported a robust performance in the opening months of 2025, confirming that trading from January through April was in line with expectations. The company continues to advance its shift towards a predominantly B2B operating model, with strong growth across core areas such as Live Casino and Software-as-a-Service (SaaS), particularly in the US and in partnership with Caliplay.
Caliplay remained a major revenue driver, with software fees continuing to underpin group income. A revised strategic agreement between the two firms took effect on 31 March, marking a key structural change. While Playtech is no longer entitled to receive additional B2B service fees from that date, it now holds a 30.8% equity stake in Caliplay and “will benefit from dividends,” according to the company.
The performance of Playtech’s SaaS division also stood out, with revenue growing strongly across a number of international operators. The segment, described by Playtech as “higher-margin and less capital-intensive,” continues to play an increasingly central role in the group’s earnings profile.
However, the company noted regulatory challenges in Latin America. Brazil’s ongoing regulatory transition and the temporary introduction of VAT on online gaming in Colombia have created near-term headwinds. Nonetheless, Playtech said it “remains confident in the long-term potential of these key markets.”
One of the most significant developments during the period was the €2.3bn (£2bn) sale of Playtech’s Snaitech business to Flutter Entertainment, which was finalised on 30 April. Playtech confirmed that €1.8bn (£1.55bn) of the proceeds will be returned to shareholders via a special dividend, scheduled for 12 June.
In a further show of financial strength, the company will also redeem €150m in senior secured notes—originally due in March 2026—in June, as part of its ongoing strategy to strengthen the balance sheet.
Separately, the planned divestment of Playtech’s German HappyBet operations is still in motion, with further updates expected in due course.
Finally, Playtech’s Annual General Meeting saw a change in leadership, as John Gleasure formally took over as Chairman, succeeding Brian Mattingley.