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Synectics reports 22% revenue growth in 2025 on casino work

Deals & M&A

Synectics reported revenue of GBP68.1 million for the year ended 30 November 2025, up 22.0% year on year, according to a media report citing its annual report. The company attributed the increase partly to a Southeast Asian casino contract that generated about GBP12 million; underlying profit before tax rose to GBP6.1 million from GBP4.7 million. It also secured a five-year extension with the unnamed customer, worth at least US$4.8 million.

The results quantify casino-related revenue and profit contributions for a supplier serving gambling operators.

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Deals & M&A

France's competition authority approves Banijay's Joa acquisition without conditions

France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.

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