Playtech sees trading in line; US demand 'very strong'

(Sharecast News) - Gambling software maker Playtech said trading was in line with expectations in the first four months of the year, with as it moved to become predominantly pure-play B2B operation. In a trading update, the company said software fees from Caliplay continued to grow while the US produced "very strong" revenue increases across the live, casino and platform channels, as launches with major operators in 2024 translate into cash.

Playtech added that there was still significant demand for its products in the Americas, in particular live, and would continue to invest to meet this demand.

Progress was being made on the sale process for the remaining German HAPPYBET business, the company said.

Reporting by Frank Prenesti for Sharecast.com