Snaitech departs Milan listing today

News on 3 Aug 2018

Italian sports betting giant Snaitech, recently acquired by Playtech plc, delisted in Milan Friday, posting legacy H1-2018 figures that continued to impress.

* Online betting revenues rose 23 percent to Euro 255 million aided by the recent World Cup football championships;

* Online gaming revenue rose by 22 percent to Euro 674 million.

* Retail numbers slumped, with sports betting down over 2 percent at Euro 376 million as punters increasingly chose the online environment;

* Overall, Snaitech took Euro 80 million in wagers on the World Cup – double the 2014 total – and generated revenue of Euro 11.6 million;

* Total wagers rose 2 percent y-o-y  at Euro 5.3 billion;

* Overall EBITDA was up a third at Euro 74 million.

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