No. of Recommendations: 1
Down 11% today. The UK Gambling Commission has launched a review of Evolution’s operating licence in the UK, as the regulator has found its games are being provided to unlicensed operators in the country.
The UK counts for roughly 3% of Evolution’s reported revenue.
I have owned this stock for years (and still do), I do like the financials. But I have to say that regulatory risk is very hard to take into account. The stock is overreacting today, IMHO.
igamingbusiness.com - Evolution UK gambling commission review 