July 9 (Reuters) – UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit \u200cabove market expectations, after strong growth in \u200cthe United States and Latin America boosted first-half earnings. <\/p>\n
Shares surged \u200bnearly 19% to 375.60 pence by 0750 GMT. <\/p>\n
Here are some more details: <\/p>\n
\u2022 Playtech expects 2026 adjusted core profit of at least \u20ac270 million ($308.75 million), above company-compiled \u200canalysts’ average expectations \u2060of \u20ac219 million. <\/p>\n
\u2022 “Performance in the US, driven by our partnership with Hard Rock Digital, \u2060has been exceptionally strong,” Chief Executive Mor Weizer said in a statement. <\/p>\n
\u2022 Hard Rock Digital is \u200bthe online \u200bbetting and gaming arm \u200bof Hard Rock International \u200cand is one of Playtech’s largest customers. <\/p>\n
\u2022 The Douglas-based company expects adjusted core profit to rise 70% year-over-year to \u20ac155 million for the six months to June 30. <\/p>\n
\u2022 However, Playtech expects second-half core profit \u200cto be lower than the \u200bfirst half, as it \u200binvests in a \u200bBrazil partnership and absorbs the impact \u200cof higher gambling taxes in \u200bthe UK. <\/p>\n
\u2022 \u200bPlaytech said it was investing in a significant partnership in Brazil, which is expected to \u200bsupport growth in \u200c2027. It did not provide further details. <\/p>\n
($1 = \u200b0.8745 euros) <\/p>\n
(Reporting by Neeshita Beura in Bengaluru; \u200bEditing by Eileen Soreng) <\/p>\n","protected":false},"excerpt":{"rendered":"July 9 (Reuters) – UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit \u200cabove market expectations,…\n","protected":false},"author":2,"featured_media":532727,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,243114,85,46,214145,203232],"class_list":["post-532726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-hard-rock-digital","tag-il","tag-israel","tag-market-expectations","tag-playtech"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=532726"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/532727"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=532726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=532726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=532726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}