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And The 13 is finally nearing its opening, though the . 6 billion VIP-focused property will only have 200 suites. On Friday, Playtech, the world’s biggest supplier of online gambling software, cited “significant headwinds” for its slow growth through 2017. four winds casino jackpots Playtech founder Teddy Sagi has made a lot of money selling off big chunks of his online gambling software company over the last year. Apparently, he’s not the only one. borgata casino website Pmgm casino maplaytech’s market cap has fallen by a quarter from an all-time-high in July 2017. (Image: Financial Times)Chief among these was a typhoon approaching from Malaysia in the form of a government crackdown on online gambling operators.

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It added that it had seen “no change” in Malaysia and now plans to reorient its business towards the regulated markets. viejas casino indeed Crypto-Hype HitThe company said the hype around investment in cryptocurrencies was to blame for a “material” revenue dip last year. boomtown casino jobs Over the past few years, Playtech has diversified into currency and futures trading via several acquisitions. Its contracts-for-difference trading service allows customers to speculate on underlying price changes in assets. These include digital currencies, and Playtech said “crypto-hype” equated to a . the wynn hotel and casino las vegas 6 million hit in 2017. Most of this came imgm casino mapn the final quarter, when bitcoin rose by 320 percent in under three months.

Prices were going up significantly across many crypto instruments in what was very much a one-sided market with no proper hedging facilities available,” the company said. It now offers a fully-hedged bitcoin futures product but admitted there are no opportunities to hedge for other cryptocurrencies. Playtech Losing at Bingo Playtech’s somewhat mysterious problems with its contract to run Sun Bingo, a gambling platform tied to the Rupert Murdoch-owned Sun newspaper, still persist. They contributed to a “significant” loss in 2017. jackson rancheria casino phone number The company has blamed integration problems but said this week the situation “continues to improve,” adding that it is was in discussion with Murdoch’s NewsFor the full year to December 31, Playtech’s overall revenue rose 14 per cent to 2 million. pa online casino deposit bonus Most of that growth occurred in