Q&A: Mor Weizer on offloading non-core assets and expansion into Latam
Playtech CEO urges investors not to jump to conclusions over potential TradeTech sale as B2C casual gaming division is divested
22% year-on-year dropEGR Intel: Why wasn’t Playtech buoyed by the strong online gaming performance we have seen at most gambling companies during Q2 and H1? Mor Weizer (MW): EGR Intel: What does the expansion into Latam involve? How has your position in that market changed since H2 of 2019?MW:EGR Intel: Playtech finances were boosted by strong performance in its TradeTech segment during the coronavirus. Why is the business looking to sell a stand-out performer?MW: EGR Intel: Additionally, there is an ongoing review of certain assets. Which assets would these be in addition to TradeTech and what are the plans for them?MW: EGR Intel: Finally, what are your hopes and expectations for H2 2020?MW:
We couldn’t, in light of the relative size of online, overcompensate for the loss of retail
Our plan was to partner with 50 new brands in 2020, which we achieved in the first six months of the year, so we have increased the target to 75