CEO Mor Weizer and CFO Chris McGinnis Outline Playtech’s Global B2B Growth Strategy in 2025 Annual Report

Playtech’s 2025 Annual Report outlines a company that has now fully repositioned itself around B2B gambling technology, regulated market expansion and long-term strategic partnerships following one of the most significant restructurings in the company’s history.

CEO Mor Weizer and CFO Chris McGinnis used the report to reinforce Playtech’s transformation into a predominantly pure-play B2B business focused on platform infrastructure, Live Casino, SaaS distribution and strategic investment holdings across regulated gambling markets.

The company reported €197 million in Adjusted EBITDA from continuing operations during FY2025, while revenue reached €763.6 million. B2B Adjusted EBITDA totalled €141.4 million, down 36% from €222.0 million in 2024 following the revised Caliente Interactive agreement, while diluted Adjusted Earnings Per Share came in at 14.5 euro cents.

Playtech also generated €29.5 million in Free Cash Flow during the year while establishing medium-term targets of €250 million to €300 million in annual Adjusted EBITDA and €70 million to €100 million in annual Free Cash Flow.

The defining event of the year was Playtech’s €2.3 billion sale of Snaitech to Flutter Entertainment, completed in April 2025. The transaction effectively ended Playtech’s long-running hybrid B2C-B2B structure and repositioned the group around gambling technology infrastructure and strategic equity partnerships.

Following the disposal, Playtech distributed approximately €1.8 billion to shareholders and moved from a €142.8 million net debt position into positive net cash of €28.5 million.

Playtech Repositions Around the Americas as US Expansion Accelerates

CEO Mor Weizer identified the Americas as Playtech’s primary long-term growth engine, with the US market continuing to increase in strategic importance.

Revenue across the US and Canada increased 61% year-on-year during FY2025, while US revenue alone nearly doubled as Playtech expanded partnerships with DraftKings, FanDuel, Hard Rock Digital, Delaware North and Bet365.

Playtech also increased Live Casino capacity across New Jersey, Michigan and Pennsylvania, ending the year with more than 60 Live tables across those markets compared to just over 35 the previous year.

The company officially entered Connecticut in March 2026, becoming active in its sixth regulated US iGaming state, while Alberta, Canada was highlighted as another future regulatory opportunity.

Management also pointed to continued momentum across Latin America, particularly in Brazil, Mexico and Colombia, where regulation continues reshaping the regional gambling landscape.

Live Casino Becomes Playtech’s Most Scalable Global Growth Engine

Live Casino remained one of Playtech’s strongest growth drivers throughout FY2025.

The company now operates approximately 500 Live Casino tables across 17 studios globally, more than doubling its Live footprint over the last four years.

One of Playtech’s most visible developments came through the expansion of its “Live from Vegas” partnership with MGM Resorts International. Playtech launched a fully transparent 24/7 studio directly from the MGM Grand casino floor, streaming blackjack, roulette and baccarat to regulated international markets.

The company also introduced Family Feud Live, described as the first interactive game-show product streamed directly from a Las Vegas casino floor.

Playtech additionally expanded its PMR product integration with Hard Rock Digital in Florida during Q4 2025 as part of broader US product deployment initiatives.

Management stated that Live Casino continues benefiting from strong operator demand, scalability and operational leverage as regulated markets mature.

Caliente Equity Deal Signals Playtech’s Shift Toward Strategic Ownership

One of the report’s most important strategic developments was Playtech’s revised agreement with Caliente Interactive in Mexico.

Under the new structure effective from 31 March 2025, Playtech exchanged its previous fee-based commercial arrangement for a 30.8% equity stake in Caliente Interactive’s online business.

While the transition reduced short-term B2B revenue, management emphasised that the revised structure provides Playtech with stronger long-term exposure to one of Latin America’s largest betting operators.

Playtech recorded €54.5 million in share of income from Caliente Interactive during FY2025, while the business also distributed €45.7 million in dividends following the revised agreement.

Management positioned the transaction as part of Playtech’s broader strategy to combine platform technology with strategic ownership stakes in regulated operators.

SaaS, AI and PAM+ Infrastructure Become Central to Playtech’s Technology Strategy

Outside of Live Casino, Playtech’s SaaS business delivered one of the company’s strongest growth performances during FY2025.

SaaS revenue increased 48% year-on-year to €118.1 million as operators increasingly adopted Playtech content and gaming services without fully migrating onto the company’s PAM platform infrastructure.

Playtech also disclosed that its PAM+ platform processed more than 350 billion wallet transactions during the year, highlighting the scale at which the company now operates globally.

The annual report identified more than 80 AI use cases across the business, including safer gambling analytics, operational efficiencies and personalised player engagement systems.

Within sportsbook, Playtech reported that Bet Builder stakes increased by more than 80% year-on-year, while the iPoker network generated more than €160 million in guaranteed tournament prize pools during FY2025.

The company additionally doubled its number of exclusive Casino releases compared to the previous year, launching 25 exclusive titles including Goood Heavens and NHL Collect Em.

Additional product developments included the launch of the VZN Blackjack RNG product, expansion of the Bingo Next-Gen platform and sportsbook launches across Arkansas, Tennessee and West Virginia.

Management also disclosed that Playtech has invested more than €750 million into research and development over the past five years as the company continues scaling AI systems, platform infrastructure and product innovation.

Investment Income Emerges as a Major Driver of Playtech’s Earnings Model

CFO Chris McGinnis stated that Playtech’s investment portfolio is now becoming a meaningful contributor to group profitability rather than simply representing strategic optionality.

The company reported €61.8 million in investment income during FY2025 compared to just €2.8 million during the previous year.

Alongside Caliente Interactive, Playtech maintained investment exposure across Hard Rock Digital, LSports, GaleraBet and Wplay.

Management stated that Playtech’s broader strategic investment portfolio now carries a combined book value exceeding €1 billion.

The report disclosed that Playtech’s 49% stake in LSports carried a value of €60.9 million, while its Hard Rock Digital investment was valued at €178.8 million during FY2025.

Despite returning €1.8 billion to shareholders, Playtech also completed approximately €76.5 million in share buybacks during the year while still ending FY2025 with positive net cash.

ESG, Responsible Gambling and AI Governance Move Higher on Playtech’s Agenda

Another major theme throughout Playtech’s annual report was the company’s growing focus on responsible gambling, sustainability and AI governance.

Management stated that 83% of Playtech’s total revenue now comes from regulated or regulating markets, reinforcing the company’s long-term focus on sustainable jurisdictions.

Playtech’s BetBuddy and Playtech Protect solutions continued expanding globally, with BetBuddy now operating across 28 brands in 17 jurisdictions.

Playtech identified 72,541 at-risk player escalations from its Live operations during FY2025, up from 68,213 cases in 2024.

Playtech additionally became a founding member of the AiR Hub initiative at the University of Nevada, Las Vegas focused on responsible AI deployment within gambling technology.

From a sustainability perspective, Playtech reported a 47.8% reduction in Scope 1 and 2 greenhouse gas emissions since its 2018 baseline, while renewable energy accounted for 46% of total energy consumption during FY2025.

Women now represent 32% of leadership positions across Playtech, while the company’s workforce expanded to approximately 7,400 employees operating across 20 countries.

Board Restructuring and Financial Discipline Shape Playtech’s Next Growth Phase

The annual report also included several governance and corporate structure updates.

Playtech confirmed board-level changes during FY2025, including the departure of Anna Massion and the appointment of John Gleasure, while Samy Reeb became Chair of the Remuneration Committee.

The company additionally disclosed ongoing legal contingencies involving Evolution AB alongside impairment-related impacts connected to a €52.9 million impairment of the Sun Bingo prepayment.

Playtech also reported a UK mean gender pay gap of 25.3%.

CEO Mor Weizer’s total single figure remuneration for FY2025 reached £45.2 million, with the majority comprising a one-off cash award under the Shareholder Incentive Plan paid on completion of the Snaitech sale, alongside annual bonus and LTIP vesting.

Playtech’s Long-Term Strategy Now Focuses on Infrastructure, Not Consumer Operations

The strongest message throughout Playtech’s 2025 Annual Report was that the company no longer views itself as a mixed operator-business model.

Instead, Playtech is positioning itself as a long-term gambling technology infrastructure provider focused on regulated markets, scalable platform distribution, Live Casino operations, SaaS growth and strategic operator partnerships.

For the wider iGaming industry, Playtech’s restructuring reflects a broader trend where technology infrastructure, compliance capability, Live Casino scale and strategic investment partnerships are becoming increasingly important competitive differentiators.Rather than operating consumer-facing gambling brands directly, Playtech is now concentrating capital, product development and operational focus around supplying the infrastructure powering regulated gambling markets globally.

Source : Playtech