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UK's Playtech jumps after lifting annual profit forecast by more than 10%

By Reuters News

** Shares of British online gambling tech provider Playtech PTEC.L up 2% at 375.8p

** Co raises FY Adj EBITDA forecast to over €300 mln ($337 mln), from prior guidance of over €270 mln

** Says it expects to absorb the impact of recent Brazil regulatory changes in 2026, though a more significant hit is expected in 2027 if the current market shutdown persists

** Expects 2027 to reflect heightened competition among US PMR suppliers, Brazil uncertainty, impact of higher UK Remote Gaming Duty

** As of yesterday, PTEC up ~30% YTD

($1 = 0.8908 euros)

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