Playtech PLC Update on Caliente and Notice of Interim Results (2964U)
July 29 2022 - 7:00AM
UK Regulatory
TIDMPTEC
RNS Number : 2964U
Playtech PLC
29 July 2022
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29 July 2022
Playtech plc
("Playtech" or "the Company")
Update on Caliente and Notice of Interim Results
Playtech continues to actively explore options to maximise
shareholder value across both its B2B and B2C businesses.
As previously announced, under one of these initiatives,
Playtech has been exploring a possible transaction regarding an
agreement with Caliente which would allow Caliplay to penetrate the
US market with Caliplay being acquired by a US listed special
purpose acquisition company ("SPAC"). Capital market conditions
have deteriorated significantly since the transaction was initially
contemplated and, accordingly, this transaction is no longer being
pursued in the same manner. However, the Company continues to
explore alternative opportunities with Caliplay management to build
a standalone US gaming business under the Caliente brand focused on
the Hispanic community in the US. Both parties also continue to
have discussions with the SPAC and its associates regarding this
alternative opportunity. Discussions are at an early stage and
further updates will be made if appropriate.
As announced in our statement on 14 July 2022, the Company is
trading ahead of expectations. In particular, the Company has seen
B2B performance driven by very strong momentum from the Americas
including Caliente and other structured agreements, in addition to
a strong performance across the wider B2B operations. Snaitech has
seen excellent results driven by its online business, retail
recovery and favourable sports results. This momentum across the
business gives the Board great confidence in the Company's
prospects for FY 2022 and beyond, as well as the Company's ability
to deliver material value to its shareholders.
Playtech looks forward to presenting its first half results on
22 September 2022, which will be followed by an investor event
focused on Snaitech. An investor event focused on Playtech's B2B
business is expected to follow later this year.
The person responsible for making this announcement is Chris
McGinnis, Director of Investor Relations & Strategic
Analysis.
Enquiries:
Playtech
Chris McGinnis, Director of Investor Relations & Strategic
Analysis
+44 (0)16 2464 5954
Headland (PR Adviser to Playtech)
Lucy Legh
Stephen Malthouse
Tom James
Jack Gault
+44 (0)20 3805 4822
Playtech@headlandconsultancy.com
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a technology leader in the
gambling and financial trading industries with over 6,600 employees
across 26 countries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. Playtech directly
owns and operates Snai, the leading sports betting and gaming brand
across online and retail in Italy.
Important Notice
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