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 the region and to drive revenue generation, although it warned that given the recent decline and the absence of any change in market dynamics, the company expects a significant impact on revenue throughout the rest of the year.

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