REG - Playtech PLC - Update on Caliente and Notice of Interim Results

PlaytechAnnouncement

29/07/2022 13:01

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RNS Number : 2964U  Playtech PLC  29 July 2022

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FOR IMMEDIATE RELEASE

 

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.

 

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