February 27, 2020 / 8:55 AM / a month ago

Playtech slumps as coronavirus hits two of its largest markets

Feb 27 (Reuters) - Playtech warned results for 2020 would be below market expectations as the coronavirus outbreak hurt the gambling software maker’s two largest markets - Asia and Italy, sending its shares to an eight-year low on Thursday.

Playtech said COVID-19 has dented recent trading at its Snaitech unit - Italy’s biggest sports betting firm. Cases in Italy jumped by almost 100 in a day to more than 400 on Wednesday, while the death toll rose.

Playtech’s shares fell as much as 22.5% to 237.9 pence by 0846 GMT. (Reporting by Noor Zainab Hussain in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below