Tag Archives: Caliplay

Playtech Plc  has achieved “elevated targets” of a transformative 2024, as the FTSE250 technology group returns to a pure-play B2B identity. Full-year 2024 trading featuring the B2C activities of Snaitech, saw Playtech achieve corporate revenues of €1,791.5m, up 5% on FY2023 results of €1,706m. Despite year trading being disrupted by €2.4bn sale of Snaitech to Flutter Entertainment (sanctioned in Q3), …

The Board of Playtech Plc has informed investors that Brian Mattingley has chosen to stand down as Chairman of the FTSE 250 gambling technology group. The confirmation of Mattingley’s forthcoming departure was announced alongside Playtech informing investors of agreed changes to its Board structure and duties. The former long-standing Chief Executive and Chairman of 888 Holdings, and a founding director …

Playtech Plc has guaranteed investors that it will achieve its full-year 2024 commercial objectives due to positive H1 results and business outcomes. H1 trading saw the LSE gambling group achieve corporate revenues of £906m, up 5% from the 2023 comparatives of £859m, as the period trading reflected ‘the strong execution of its B2B business’. Headline growth saw Playtech report an …

Playtech Plc has renegotiated its terms of service with Grupo Caliente, settling commercial disputes related to the Mexican joint venture of Caliplay. The commercial disagreement began in 2023 when Grupo Caliente, Mexico’s largest casino operator, annulled service fees, with Playtech disputing contract entitlements of the Caliplay JV. The dispute saw Playtech and Caliente initiate separate lawsuits in London and Mexico …

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 …

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 …

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 …

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 …

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 …

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 …