Playtech Financials Division Revenues Sharply Lower Due to IB Business Shift

[kreslik.news]

Playtech has just announced its results for the first half of 2016 with the total revenues of the firm rising by 18 per cent year-on-year. The company has also detailed the numbers of its financials division which has undergone a major restructuring in recent months in order to shift the company’s business model from salesperson based approach to automated funnels.

The changes have been made in response to the tightening of the regulatory framework by the Cyprus Securities and Exchange Commission (CySEC).

The financials division of Playtech has reported revenues totaled €31.3 million, which compares to €60 million for the full ... (read more)