Playtech has announced its results for the full year 2020, indicating a major slowdown in most key business units.

Playtech said a 10.6% fall in B2B revenue to €494.8m, largely due to the impact of retail closures in the period, weighed on the company as a whole and helped bring about a 25% group-wide decline in revenues to €1.07bn for the year. Revenue in Asia declined by 28% due to the “severe impact” of the pandemic in the region.

“As the leading technology company in the gambling industry, our licensees look to us to deliver innovation that changes the way players experience gambling entertainment,”

“The significant strategic and operational progress we achieved in 2020 has placed us in a strong position to capture the exciting market opportunities ahead,”

Given the uncertainty related to Covid-19, the company suspended shareholder distributions in February 2020. The share repurchase programme was also postponed with immediate effect and the 2019 final dividend was not proposed. In October 2019, the company distributed an interim dividend of EUR0.061 per share. said Chief Executive Mor Weizer.