Caliplay corrects recent update by Playtech

10 February 2023
(PRESS RELEASE) -- Tecnologia en Entretenimiento Caliplay, S.A.P.I. de C.V., the leading Mexican online casino and sports betting company, wishes to clarify certain essential information in response to an announcement this week by its partner, Playtech plc.
Playtech plc's subsidiary, Playtech Malta, has commenced proceedings in the English Court and is seeking a declaration from the Court on a point of disagreement concerning a redemption option in the strategic agreement between Caliplay and Playtech Malta. Both sides are currently engaged in a mutually agreed resolution process. Contrary to Playtech plc's announcement, Caliplay is not aware that any claim has been issued against it by Playtech plc, as opposed to its subsidiary, Playtech Malta.
The Option allows Caliplay to redeem the additional services fee element payable to Playtech Malta pursuant to the strategic agreement. The Option remains exercisable for a period of 45 days following the approval of Caliplay's audited accounts for the fiscal year 2021 by Caliplay's board of directors.
As Playtech plc correctly notes, Caliplay believes the option has not expired. Caliplay made this clear to Playtech plc on 23 December 2022.
Caliplay remains keen to resolve this matter swiftly, and is committed to the ongoing discussions.