Online betting stocks slumped following the news on fears of a further crackdown by US authorities on online gaming.
Playtech said it does not provide sports betting software and that it is not an online gaming operator. Playtech provide casino software to a number of companies in the UK including Bet365Casino and Betfred Casino
It added its operations are the supply of licensed software to operators in online casino, poker and bingo markets, and therefore it does not see a valid reason for the share price fall.
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