EGR Morning Snapshot: Playtech CEO confident despite profit warning, France: no change in payout ratio, Sportingbet sells Italian operation.
Playtech chief executive Mor Weizer has reiterated his belief that the William Hill Online (WHO) deal will prove transformational for his company, despite the company issuing a profits warning yesterday. Delays in the integration of Playtech technology into the WHO venture in which Playtech has a 29% stake and lower than expected trading meant full year earnings before interest, tax, debt and amortisation forecasts for the company were revised down from 124m to 96m by analysts.
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