Profit Warnings 

Playtech warns of more trouble in Asia

Playtech warns of more trouble in Asia

The Asian gaming market is proving to be a tough one for Playtech (PTEC). The gambling software company warned that sales from Asia would be around €70m (£62m) lower than previously expected during the second half of this year. Meanwhile, analysts at Shore Capital expect revenue for 2019 to be €100m (£88m) down on previous expectations. This will trickle down to adjusted cash profit, which is now expected to be in the range of €320m to €360m for 2018, compared with €322m in 2017. This includes an €80m contribution from recently acquired Italian website operator Snaitech. That's down on previous consensus expectations of between €325m and €330m, excluding Snaitech. 

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