Playtech expects to enter Brazil’s regulated betting market in early 2027 after political concerns surrounding gambling during the country’s election period delayed progress on a planned partnership.
CEO Mor Weizer said the company remains committed to reaching an agreement with its prospective Brazilian customer after discussions were paused until after the elections. Playtech agreed a partnership in 2025 to provide the platform for Brazilian state-owned bank Caixa’s betting operations.
Caixa’s launch has faced several delays despite the bank paying the BRL30 million ($5.9 million) licence fee. The state-owned company faced political pressure amid wider scrutiny of betting in Brazil.
“There were certain concerns that because it is an election year, and obviously, gaming is a political issue or there were references by politicians throughout the elections about gambling.
“Given the sensitivity around that, we were kindly asked to collaborate with the government [and] with the prospective customer that we are in discussions with to wait until the elections.”
Weizer said Playtech still expects the agreement to move forward.
Brazil Opportunity May Support Future Growth
Playtech CFO and Director Chris McGinnis said Brazil was not specifically included in the company’s medium-term guidance when targets were set.
“At that point, we sort of knew of the opportunity, but it wasn’t specifically factored into the guidance necessarily,” he said.
The company plans to revisit its targets during its full-year results and could include Brazil more clearly in future projections.
“We’ll revisit the targets at the full-year results. I think that would probably be the logical time to more explicitly factor Brazil into any revised targets.”
Playtech has already expanded its presence in Brazil through a live casino studio in São Paulo and continues to pursue opportunities in regulated markets.
Americas Growth Boosts Playtech Results
Playtech reported a 10% year-on-year revenue increase in the first half of 2026, reaching €425.1 million. Adjusted EBITDA rose 77% to €162.5 million, supported by strong B2B performance.
Revenue from the US and Canada increased 161% to €56.9 million, while B2B operations generated €128.1 million in adjusted EBITDA.
Management highlighted the Americas as a key contributor to the company’s recent financial performance.
Playtech Avoids Comment on Evolution Case
Weizer was also questioned about the continuing dispute involving Evolution and allegations connected to a 2020 investigation commissioned by Playtech.
The investigation by Black Cube produced a report alleging Evolution supplied games into banned and sanctioned markets. Evolution later pursued legal action against Black Cube and sought to hold Playtech accountable in related proceedings.
A Spectrum Gaming report examining allegations against Evolution was released during the week. Playtech said some claims from the Black Cube investigation were supported by the report’s findings.
Weizer declined to discuss the legal matter.
“We are under legal privilege and confidentiality rules, and we can’t simply take questions on the legal situation. We said what we needed to say following the Spectrum report being released earlier this week. So, that’s all I can say at this point in time.
“I have a lot to say, but I can’t.”
Source:
“Playtech expecting 2027 Brazil launch amid political uncertainty”, igamingbusiness.com, September 11, 2026
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