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BUZZ-Playtech: Falls as Italy's tax law change to hit 2019 adj. EBITDA

** Gambling software co Playtech (Frankfurt: A1J0S4 - news) down 5.5 pct after co says Italy gambling tax law change to hit 2019 adj. core earnings

** Co says Italy's tax increase on gambling activities expected to reduce co's 2019 adj. core earnings by about EUR 20-25 mln before any mitigating actions

** Expected impact from legislation is in addition to previously announced impact from 2018 Dignity Decree

** Stock hits over six-year low; top percentage loser on midcap index

(Reporting by Tanishaa Nadkar in Bengaluru)