Gaming technology co Playtech disappoints,share plummets

[BingoT]

Gaming technology co Playtech disappoints,share plummets
The company attributes its lower forecasts to a slow start by joint venture William Hill Online and difficult market conditions.

Online gaming technology developer Playtech Cyprus Ltd. (AIM:PTEC) today published its key performance indicators for the second quarter of 2009. For the first time, the company's quarterly revenue was less than achieved in the preceding quarter, and the company lowered its full-year forecasts.

Playtech's share dropped 22% by midday on London’s Alternative Investment Market (AIM) to ?3.53, giving a market cap of ?844 million.
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