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 deserted plans to tolerate Caliplay to live acquired past a US-listed special intention acquisition company (SPAC), a proposition intended to energise Caliplay’s growth inwards the US market.
Citing deteriorating upper-case letter securities industry conditions, Playtech confirmed that the trade “is no more longer beingness chased inwards the same manner.”
However, it accented that both Playtech and Caliplay direction are working towards the creative activity of a standalone US gaming business sector under the Caliente brand, with a particular proposition focus on the US Hispanic demographic.
According to Playtech Director of Investor Relations and Strategic Analysis Chris McGinnis: “Both parties also proceed to hold discussions with the SPAC and its associates regarding this alternative opportunity. Discussions are at an too soon present and farther updates will live made if appropriate.”
Playtech went on to dedicate a trading update, reporting that the keep company is currently trading in the lead of expectations.
One particularly confirming surface area has been B2B, which has been fuelled past strong maturation inward the Americas with structured agreements, including with Caliente. Wider B2B operations showed similar electropositive signs.
Italian gaming fellowship Snaitech, which Playtech purchased inward 2018, has reported strong results from its online business, retail recovery and favourable sports results.
The plank is said to be satisfied with this ontogenesis crosswise the business, and is surefooted of prospects for FY 2022 and beyond.
Playtech will bring out its first-half results on 22 September 2022, followed past a Snaitech-focused investor event, with a Playtech B2B business organization investor event planned for later this year.
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