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BUZZ-Playtech: cautious outlook eclipses solid H1

Reuters - UK Focus

** Gambling technology company Playtech (Frankfurt: A1J0S4 - news) drops 1.6 pct on cautious outlook -- even as H1 revenue rises c.25pct

** H1 revenue in gaming, co's biggest unit, up 22.8 pct to 376.5 mln euros

** Co confident of a strong performance in 2017 albeit with normalized levels of growth in H2 from Asia following unusually high levels of activity in H1

** Co says average daily revenue in gaming for the first 53 days of Q3 down 9 pct

** Canaccord Genuity (Frankfurt: A0B6V4 - news) cuts FY17 EBITDA guidance from 359.3 mln euros to 349.7 mln euros, saying relative strength of the euro, co's reporting currency, will also have a material impact on numbers

** Among top UK midcap fallers

(rahul.b.thomsonreuters.com@reuters.net)