Playtech falls after trading update

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Playtech falls after trading update
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FTSE 250 digital gaming firm Playtech (LON:PTEC) has seen its shares drop by 2.79% to 399.06p (as of 12:20 GMT) after it warned that EBITDA for the year would be below prior expectations. The company said that TradeTech had slowed down during recent months and was currently trading well below management forecasts. The company said that it was considering all options regarding the division going forward.

The firm also announced an agreement with wplay, Columbia’s leading betting brand, under which Playtech will provide technological delivery channels in exchange for a share of both revenues and profits.

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