Playtech has warned investors that the coronavirus could have a significant impact on their results. Not only the Asian market will suffer, but also the European one. Their operator Snai is located in Italy, and this country is also going through difficult times due to the epidemic. As a result, the value of the company's shares fell by 11.2%.
The virus is significantly impacting operations in China and Italy, the company said. Therefore, their forecasts for 2020 will most likely not be achieved. Adding to the grim mood is the fact that the UK is considering introducing a £2 betting limit for online casinos. Considering that they receive almost all the income in this market from slot machines, such a scenario will be a strong blow for them. About what the company has already warned.
Playtech isn't the only one who's worried about the coronavirus. Aristocrat recently announced the cancellation of all travel to Asia. However, in their case, disruption of the normal mode of operation is not expected, since the share of the Asian market in their activities is insignificant.
