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, 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 Plc has maintained confidence in delivering on its full-year financial targets and corporate objectives, as the FTSE250 technology group secures a series of positive outcomes during the first-half of 2021 trading. Updating investors, Playtech outlined that group performance was in-line with expectations since the last trading update published on 26 May 2021, as the group cites ‘very strong online …
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Genius Sports has significantly advanced its LatAm market footprint, as Mexico’s Grupo Caliente expands its existing partnership with the sports tech firm to cover all wagering disciplines. Recognised as Mexico’s biggest gambling group, Caliente has agreed for Genius Sports’ Betgenius division to serve as lead provider of all sportsbook management provisions for its flagship Caliente.mx brand. Caliente has, therefore, upgraded …
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Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its 2020 activities, Playtech underlined that the company had …
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Mexican media and entertainment group Televisa has confirmed that its seeks to sell its entire gambling portfolio, operating under the ‘Play City Casino’ and ‘Play City Apuestas’ brands. Televisa currently operates a total of 17 Play City casino/betting establishments across Mexico, having been one of the few companies granted a land-based gambling license by the Vicente Fox government in 2005. …
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Mexican gambling operator Corporación Caliente, a subsidiary of Grupo Codere España has announced that it will upgrade its entire sports betting provisions utilising Playtech BGT systems and terminals. Agreeing on new terms, Caliente, Mexico’s leading gambling enterprise, will move to launch Playtech BGT Self-Service Betting Terminals (SSBTs) across its estates and premises. Playtech has acted as lead casino systems supplier …
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Spanish listed gambling operator Grupo Codere continues its international expansion, informing the market that it has moved to acquire all shares in Mexican joint venture Grupo Caliente MX. Updating investors, Codere governance details that it will purchase all Caliente assets outright, by acquiring the remaining 32.7% of company shares for a reported $26 million ($22 million in cash). The Spanish …
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