Playtech (GB:PTEC) has released an update.
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Playtech has revised its strategic agreement with Caliplay, aiming to drive growth by holding a 30.8% equity interest in the new U.S. holding company Cali Interactive and securing additional revenue through an eight-year B2B software license and services deal. The updated deal also includes a $140 million cash payment to Playtech, phased over four years, and the resumption of payment of software and services fees by Caliplay, strengthening the financial relationship between the two entities. With this new chapter, Playtech reaffirms its strong position in Mexico and its potential for growth in the Americas and Europe.
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