Tag Archives: Caliplay

Playtech confident of 2024 outlook but Caliplay conflict remains unsettled

SBC News Playtech confident of 2024 outlook but Caliplay conflict remains unsettled

Playtech Plc is confident it will meet its strategic and commercial objectives for 2024, following a ‘solid start’ to year trading. The LSE tech group shared its AGM trading update, giving investors a snapshot of corporate performance from 1 January 2024 to 30 April 2024. The B2B unit continues to grow revenue in regulated markets, focusing on key contracts and …

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Playtech demands Caliplay showdown be settled by English courts

SBC News Playtech demands Caliplay showdown be settled by English courts

Playtech Plc has issued a further legal update on its ongoing service fee dispute with its Mexican joint-venture partner, Caliplay. Updating investors, the FTSE250 gambling technology group responded to a Mexican court order filed by Caliplay on 5 October, which sought the “annulment of its legal relationship with Playtech and its related parties.” Playtech states that it has “accepted service …

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Caliplay instructs Playtech to end role in Mexican JV

SBC News Caliplay instructs Playtech to end role in Mexican JV

Shadows are cast on the future of Mexican online gambling brand Caliente.MX, as joint-venture partners Playtech and Caliplay  continue their legal dispute.  This afternoon, Caliplay SA, the online subsidiary of Mexican casino operator, Grupo Caliente, announced that it would launch legal proceedings in the Civil Court of Mexico against Playtech. Caliente’s subsidiary seeks “the annulment of its legal relationship with …

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Caliente backs Mexico Tricolor for World Cup 2026  

SBC News Caliente backs Mexico Tricolor for World Cup 2026  

Caliente.mx, the flagship brand of Caliplay, has announced its biggest sponsorship commitment to date, becoming a ‘key commercial partner’ of Mexican football. The sponsorship was announced yesterday via a press conference in the Toluca headquarters of the Mexican Football Federation (FMF), in which Caliente was announced as a new partner of Mexico’s National Team for the next four years.  Caliente …

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Caliplay contests Playtech’s expiry date on JV entitlements

SBC News Caliplay contests Playtech’s expiry date on JV entitlements

Caliplay, the Mexican and LatAm joint venture formed by Grupo Caliente and Playtech Plc, has issued a statement related to the ongoing ‘services fee’ dispute between its venture partners.  Last week, FTSE250 Playtech informed its investors that it would seek a determination by British Courts on whether Caliplay was entitled to redeem an additional services fee related to its working …

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Playtech seeks settlement on Caliplay JV options

SBC News Playtech seeks settlement on Caliplay JV options

Playtech Plc has notified investors that it is seeking for English Courts to determine its joint-venture dispute with LatAm business partner Grupo Caliente.  The FTSE250 gambling technology group has served as Caliente’s lead online gambling systems supplier since 2012, a partnership that was expanded to launch the ‘Caliplay Mexico’ joint-venture in 2014. However, Caliente has disputed whether it maintains an …

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Playtech goes cold on Caliplay SPAC plans 

SBC News Playtech goes cold on Caliplay SPAC plans 

The board of Playtech Plc has suspended plans to divest its shareholding in Mexican B2C joint-venture Caliplay. Announced during Q1 trading, Playtech revealed that it had entered discussions with JV partner Caliente Interactive to merge Caliplay with a SPAC vehicle that would subsequently list the company on a US stock exchange.  This afternoon, Playtech issued a short statement, confirming that …

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Playtech examines all options for transformative 2022

SBC News Playtech examines all options for transformative 2022

The board of Playtech Plc has stated confidence in achieving the group’s full-year 2022 commercial and corporate objectives following ‘an excellent start to year trading’.  Issuing a snapshot trading update, the FTSE250 gaming technology group revealed that positive Q1 trading had generated unaudited EBITDA results of more than €100 million, with the ‘run rate continuing through to April’.  Strong EBITDA …

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