In reaction to an announcement made by its partner Playtech recently, Caliplay has addressed several important legal points. Playtech Malta, a subsidiary of Playtech Plc, has filed an action with the English court seeking a decision on a point of disagreement over a redemption option in the strategic partnership between Caliplay and Playtech Malta.
Currently, a mutually agreed resolution process is being used by both parties. Contrary to Playtech’s statement, Caliplay is not aware that Playtech or its subsidiary, Playtech Malta, has lodged any claim against it.
The additional services fee component that Caliplay must pay to Playtech Malta under the strategic agreement is redeemable by the company. Upon approval by the Caliplay board of directors of the audited financial statements for the 2021 fiscal year, the option continues to be used for 45 days.
This option, in Caliplay’s opinion, has not expired, as Playtech points out. On December 23, 2022, Caliplay made this clear to Playtech. The company is involved in current conversations and says it still wants to find a quick resolution to this issue.
Meanwhile, after continuing to perform “significantly” following the H1 2022 interim results, Playtech has revised its 2022 EBITDA projection.
According to Playtech, the casino provider’s unaudited adjusted EBITDA for 2022 is expected to reach at least €400m ($435.5m). The success of Playtech’s B2B and Snaitech businesses, according to the company, has been the main driver of this improved financial position.
About Caliplay
Tecnologia en Entretenimiento Caliplay is a leader in the regulated Mexican sports betting and online casino market. Caliente Interactive is the leading online gaming and sports betting operator in Mexico offering customers a variety of offerings such as real money online casino gambling and online sports betting.
The group also offers users the opportunity to place bets on sports games in progress and offer live broadcasts of NFL, NBA, MLB, MLS, NHL and La Liga games, as well as major tennis tournaments, major football leagues and thousands of other events.
