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Operator Playtech PLC forecasts 5% revenue reduction in 2017

Operator Playtech PLC forecasts 5% revenue reduction in 2017

06 November 2017

Based on the Q3 2017 report, analysts of the British gambling operator Playtech forecasted a 5% reduction of the expected yearly revenue. As CalvinAyre.com reports, the decline is connected with the clampdown on the gambling industry regulation in the Asian market.

The government of Malaysia is actively opposing online gambling. It could not but affect the operator’s budget, as the market brought 8.4% of the company’s total income in 2011. What’s more important, gambling operations in Asia made up 40% of the operator’s total revenue in 2016.

According to the press service of Playtech, the company is planning to decrease the Asian market share gradually to avoid bigger losses in the future.

 

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12 October 2017