6th Nov 2014 17:04
LONDON (Alliance News) - Playtech PLC Thursday said it has recognised recent movement in its share price, which closed down 5.8% on the day to 654.16 pence per share "following speculation in relation to developments in the Malaysian market".
The company, which develops unified software platforms and content for the online and land-based gaming industry, said it is monitoring the share price closely and remains confident of meeting the latest market consensus "regardless of the impact of any changes in the Malaysian market", it said in a statement.
The company didn't specify the potential changes in Malaysia that could affect the Playtech business.
Playtech is a partner in the UK with Genting UK PLC, a wholly-owned subsidiary of Genting Malaysia, part of Genting Bhd, a large Malaysian multinational.
By Joshua Warner; [email protected]; @JoshAlliance
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