Update on Caliente and Notice of Interim Results

RNS Number : 2964U

Playtech PLC

29 July 2022

 

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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.

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

[phone]

Headland (PR Adviser to Playtech)

Lucy Legh

Stephen Malthouse

Tom James

Jack Gault

[phone]

[e-mail]

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

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

The release, distribution or publication of this announcement in jurisdictions outside the United Kingdom may be restricted by laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

 

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