New market entrants spark online supplier price war

An influx of new third-party suppliers is driving intense competition in Asia’s online gambling space, with a ferocious price war driving what some onlookers are describing as an unsustainable “race to the bottom.” The most high-profile casualty of the harsher competitive landscape has been Playtech. In July, the Isle of Man-headquartered company issued a profit warning which caused its share price to nosedive by around 25 percent in a single day. In a statement at the time, Playtech said it expected revenue from Asia in 2018 to be around EUR70 million lower than original expectations, blaming . . . This content is restricted to subscribers

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