(Reuters) – Europeans stuck at home because of the coronavirus may not have any sports events to bet on, but they are playing more poker and bingo online to relieve the boredom, online gambling software provider Playtech said on Thursday.
The company, the world’s biggest supplier of technology for online gaming operators but now also a major gambling platform in its own right, said it was taking a major hit from the halting of sports events across the world.
Like hundreds of other listed firms, it laid out a series of steps to reinforce company finances for the months ahead, worried by the impact on the economy and household finances of coronavirus shutdowns across the world.
The delays in rolling out major sporting events have extracted a heavy toll on its B2B division, which is expected to book a loss of 4 million euros per month to adjusted earnings before interest, tax, depreciation and amortization (EBITDA).
Shares of the London-listed firm, which has had two-thirds of…
Source Reuters Tech News
Source link
