Hard Rock Bet is the online sportsbook and casino brand of Hard Rock Digital, the digital division of the Seminole Tribe of Florida's Hard Rock International, and the sole licensed online sportsbook in Florida under the tribe's 2021 compact with the state, upheld after federal litigation in 2023 and 2024. It also operates online casino in New Jersey and sports betting in several other states, and runs on technology the tribe's digital unit built and licensed. Hard Rock Bet has become one of the largest US online sportsbooks by handle on the strength of the Florida monopoly.
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Adjusted EBITDA of €162.5 million, a third guidance upgrade this year, and North American revenue up 161%. The driver is a motor-racing and slot hybrid running with Hard Rock Bet in Florida that settles on historical race results rather than a random number generator, and Playtech is telling investors not to annualise it.
Playtech has told the market its first-half performance landed significantly ahead of expectations, lifting its full-year adjusted EBITDA target to at least €270 million and sending the shares up as much as 18% on the day. The upgrade rests on US and Latin American momentum that the supplier will need to sustain against a sharply higher UK tax burden.