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Playtech shares hit new 52-week low as Asian weakness continues

2nd July 2018 7:31 am GMT
Playtech

London-listed gaming solutions provider Playtech has warned that its revenue from Asia will be €70m lower than expected if the market remains unchanged for the remainder of 2018.

The company said Monday that average daily revenue in Asia continued to be impacted by an increasingly competitive backdrop, including a particularly aggressive pricing environment from new entrants which has impacted revenue.

Playtech’s management continues to take steps to protect the company’s position in [...]

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