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Playtech Sees 2026 Profit Above €300 Million, Brazil Ban to Weigh in 2027

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Playtech Sees 2026 Profit Above €300 Million, Brazil Ban to Weigh in 2027

Playtech now expects 2026 adjusted EBITDA above €300 million, the gambling software supplier said today (Tuesday). Trading from July through October ran ahead of expectations on demand in the Americas, the company said.

The new figure tops the €279 million average of seven analysts Playtech tracks, whose estimates ran from €271 million to €285 million.

The same analysts expect €266 million for 2027. Playtech said that year will carry Brazil's betting shutdown, higher UK gambling duty and new US competition.

Two of those markets are places where retail brokers have started selling betting-style products. Brazil treats prediction markets as betting, and IG Group has applied to the UK Gambling Commission for a betting license to run them.

Playtech itself left broking in July 2022, when it completed the $250 million sale of CFD and FX broker Finalto to Gopher Investments.

Playtech said it can absorb three months of the Brazilian hit in 2026 but expects a more significant impact in 2027 if the shutdown is not lifted. President Luiz Inácio Lula da Silva signed Provisional Measure 1,394 on September 25, banning fixed-odds sports betting and online casino games.

Licensed sites went offline on October 6, and banks and payment institutions may no longer process betting transactions. Congress has 120 days to turn the measure into law.

The ban reached a market that event-contract platforms had already lost. In April, Brazil's National Monetary Council (CMN) issued Resolution 5,298, banning derivatives tied to sporting, political, cultural and entertainment events, including contracts traded abroad and offered to Brazilians.


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