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Investing.com -- Here is a summary of regulatory releases from the London Stock Exchange on Friday, 22nd November. Please refresh for updates.
Software group Playtech (LON:PTEC), which sells its services mainly to the gambling and spread betting industries, warned that full-year earnings are likely to be below consensus due to “highly challenging” conditions for its TradeTech unit and cut-throat competition in Asia.
The company said it’s “evaluating all options” for TradeTech and is also reviewing the Casual and Social Gaming business.
Playtech (LON:PTEC) said it now expects full-year EBITDA to be “a little below current consensus”, as its problems with TradeTech have been partly offset by a continued strong performance from the B2B Gambling and Snaitech units.
Revenue from Asia, where it has tried to expand market share in recent months is seen at 115 million a year at current run rates. It said market conditions are “highly competitive”.
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