In a follow-up to its December report, Spotlight Research claims that Paysafe is processing online gambling transactions in Turkey, a country in which online gambling is illegal. The company confirms that this is not the case, and that non-gambling-related processing in Turkey does not make a material contribution to earnings. We make no change to our forecasts and our investment thesis is unchanged.
23 May 2017
Clarifying position on Turkish exposure
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Clarifying position on Turkish exposure
Paysafe Group (PAYS:LON) | 0 0 0.0% | Mkt Cap: 2,787m
- Published:
23 May 2017 -
Author:
Katherine Thompson -
Pages:
2
In a follow-up to its December report, Spotlight Research claims that Paysafe is processing online gambling transactions in Turkey, a country in which online gambling is illegal. The company confirms that this is not the case, and that non-gambling-related processing in Turkey does not make a material contribution to earnings. We make no change to our forecasts and our investment thesis is unchanged.