Playtech decides against Caliplay SPAC deal
Playtech abandoned plans to allow Caliplay to be acquired by a US-listed special purpose acquisition company (SPAC), a proposal intended to stimulate Caliplay’s growth in the US market
Playtech derelict plans to set aside Caliplay to be acquired by a US-listed special resolve acquisition company (SPAC), a proposal intended to arouse Caliplay’s growth in the US market.
Citing deteriorating capital letter securities industry conditions, Playtech confirmed that the deal “is no more longer being chased inward the same manner.”
However, it distressed that both Playtech and Caliplay direction are workings towards the conception of a standalone US gaming byplay below the Caliente brand, with a specific nidus on the US Hispanic demographic.
According to Playtech Director of Investor Relations and Strategic Analysis Chris McGinnis: “Both parties also continue to make discussions with the SPAC and its associates regarding this alternative opportunity. Discussions are at an betimes represent and farther updates will follow made if appropriate.”
Playtech went on to devote a trading update, reporting that the companionship is currently trading beforehand of expectations.
One specially prescribed area has been B2B, which has been fuelled by warm maturation inwards the Americas with structured agreements, including with Caliente. Wider B2B operations showed similar positively charged signs.
Italian gaming troupe Snaitech, which Playtech purchased in 2018, has reported warm results from its online business, retail retrieval and favourable sports results.
The get on is said to follow satisfied with this maturation crossways the business, and is surefooted of prospects for FY 2022 and beyond.
Playtech will publish its first-half results on 22 Sep 2022, followed by a Snaitech-focused investor event, with a Playtech B2B concern investor event planned for later this year.