Business
Update on Caliente and Notice of Interim Results
Update on Caliente and Notice of Interim Results.
About this update from Playtech Plc
[{"type":"text","content":"\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n 29 July 2022\n \n \n \n \n \n \n Playtech plc\n \n \n \n \n \n \n \n \n \n (\"Playtech\" or \"the Company\")\n \n \n \n \n \n \n \n Update on Caliente and Notice of Interim Results\n \n \n \n \n \n \n \n \n \n \n \n Playtech\n continues to actively explore options to maximise shareholder value across both its B2B and B2C businesses.\n \n \n \n \n \n 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\"). \n 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.\n \n \n \n \n \n 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 ...