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Playtech expects annual earnings 'a little below' consensus expectations

Online gambling software provider Playtech said it expected its annual adjusted operating earnings to be 'a little below' current market consensus. In a trading update for the four months through October, the company said trading within its core business-to-business gambling and Snaitech units continued to exceed management expectations, while trading in Asia had remained stable. However, trading conditions at equities division TradeTech had been 'highly challenging' during September and October. Playtech said it was 'evaluating all options' for that business and that it was also reviewing options for its casual and social gaming business, including a possible sale of all or part of... Read More

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