A FTSE 250 gambling technology company lost almost a quarter of its market value this morning after issuing a shock profit warning. Playtech warned that challenging trading in Asia and problems with a contract would drag performance below expectations this year. Shares in the business tumbled 24 per cent to 751p in morning trading. “Although daily average revenues in the gaming division are currently higher than those reported at the time of the interim results, the Sun Bingo contract remains challenging due to lengthier seasonality and the relaunch of the new Sun Bingo site, and moreover there has been an impact from recent changing market conditions in certain parts of Asia,” Playtech told investors. The company signed a five-year deal to run Sun Bingo, a…

Source: The Times November 02, 2017 12:00 UTC