Playtech in the news again! Our Playtech iGaming news round-up brings partnerships and the latest in an ongoing disagreement with Caliplay. (Image by Tingey Injury Law Firm at unsplash.com )
There has been an influx of news coming from Playtech, one of the largest online betting and gaming companies in the UK and Ireland in recent days. Rather than post each news story separately, we thought we would bundle it all up so that you can find out the latest Playtech news in one place.
The firm has revealed it has agreed to an iGaming partnership with Gold Rush, a US-based operator, and extended its partnership with Paddy Power. Plus, we have the latest news regarding a disagreement between Playtech and the Mexican-based operator, Caliplay, that has now resulted in the former filing a UK court claim against the latter.
Playtech Enters US Sports Betting Market via Gold Rush Amusements Link-Up
The first bit of Playtech news is that the firm has made its first strategic entry into the US sports betting market. The company has signed an agreement with Gold Rush Amusements, a leading betting terminal operator. This partnership means that Playtech will allow the operator to install and offer its proprietary sports betting kiosk software and management systems across Ohio.
Initially, 50 locations in the state received allocations of these kiosks and they were all up and running in time for Super Bowl 57 on Sunday gone. This latest partnership comes two years after the firm first entered the US iGaming market, although this is the first sports betting-related expansion.
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Playtech and Paddy Power Extend Partnership
In other news, Playtech has announced an extension of its partnership with Paddy Power, another prominent gambling company in the UK. The multi-year extension continues a healthy relationship between the two gambling powerhouses that dates back more than a decade.
The partnership extension will see Playtech continuing as Paddy Power’s exclusive supplier of self-serving betting terminals across the United Kingdom and Ireland. Playtech is regarded as the leading provider of SSBTs in the region and with these terminals more popular than ever, Paddy Power has made the straightforward decision to stick with the cutting-edge retail sports betting technology offered by Playtech.
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Caliplay Responds to Playtech’s Court Claim Following Ongoing Disagreement
Caliplay, a Mexican provider of casino games and gaming solutions, has responded to a recent court claim filed against the company by Playtech. The claim is related to a disagreement between the two companies over a strategic partnership, which Caliplay says was filed “without warning.” In a statement, Caliplay said that it is “disappointed” that Playtech has chosen to file a court claim rather than continuing to work collaboratively to resolve the issue. The firm maintains that it has acted in good faith throughout the strategic partnership and has complied with all of its obligations under the agreement.
The disagreement between Caliplay and Playtech reportedly centres on the integration of Caliplay’s gaming products into Playtech’s platform. Caliplay claims that Playtech has failed to provide the necessary technical support and development resources to fully integrate Caliplay’s products into its platform, which has resulted in delays and lost revenue.
Playtech, on the other hand, claims that Caliplay has breached its obligations under the strategic partnership by failing to deliver products that meet the required quality standards and failing to comply with certain contractual terms.
In its statement, Caliplay expressed its commitment to finding a mutually beneficial solution to the disagreement, stating that it “remains open to dialogue and a constructive resolution.” The company also noted that it has already made significant investments in the strategic partnership with Playtech and remains committed to delivering high-quality gaming products to the market.
The court claim filed by Playtech is currently being heard by the courts, and the outcome of the case is yet to be determined. In the meantime, both companies will continue to operate independently in the online gaming industry.
Playtech and other iGaming stocks: Now that you have had your fix of Playtech news, you might want to see how the company is performing on the London Stock Exchange. Just today we published our Issue 3 (2023) iGaming stock report – so why not check it out?
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