{"id":737,"date":"2024-09-18T13:43:39","date_gmt":"2024-09-18T13:43:39","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=737"},"modified":"2024-09-19T15:07:33","modified_gmt":"2024-09-19T15:07:33","slug":"playtech-stock-rises-14-after-dispute-with-mexican-igaming-brand-ends","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/09\/18\/playtech-stock-rises-14-after-dispute-with-mexican-igaming-brand-ends\/","title":{"rendered":"Playtech Stock Rises 14% After Dispute With Mexican iGaming Brand Ends"},"content":{"rendered":"
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Shares in UK\u2019s Playtech Plc, the world\u2019s largest supplier of online gaming and sports betting software, rose 14% on the back of news that its ongoing dispute with\u00a0Mexican iGaming operator Cali Interactive has been resolved.<\/p>\n

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refusal to pay B2B license and service fees<\/p>\n<\/blockquote>\n

The detente dated back to July 2023 over Caliplay, the joint venture between Playtech and Cali Interactive. The dispute was over the Mexican parent\u2019s refusal to pay B2B license and service fees<\/a> amounting, at the time, to \u20ac122m ($132m) to Playtech for the lease of its proprietary software.<\/p>\n

Despite the dispute heading to courts in London and Mexico, Playtech had constantly stressed that it wanted to continue its relationship with the Mexican brand. The relationship appears back on after Playtech announced <\/em>on Monday that Cali Interactive has agreed to pay a total of $140m over four years to settle its debt<\/a>.<\/p>\n

The dispute over, a new agreement has been inked with the Cali brand that includes an eight-year B2B contract for Playtech\u2019s ongoing software and technology support.<\/p>\n

According to media reports, the new agreement will see Playtech own a 30.8% stake in a new US-incorporated subsidiary of Caliplay called Caliente Interactive. The UK firm can now also \u201cappoint a director to Caliplay\u2019s board.\u201d<\/p>\n

Caliplay Chairman Emilio Hank said the company was \u201cdelighted to finalize this renewed agreement.\u201d Hank added the Mexican brand was \u201cfocused on growing Caliplay, leveraging our core strengths and Playtech\u2019s leading technology to broaden our geographical footprint.\u201d<\/p>\n

The post Playtech Stock Rises 14% After Dispute With Mexican iGaming Brand Ends<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in UK\u2019s Playtech Plc, the world\u2019s largest supplier of online gaming and sports betting software, rose 14% on the back of news that its ongoing dispute with\u00a0Mexican iGaming operator Cali Interactive has been resolved. refusal to pay B2B license and service fees The detente […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/737"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=737"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/737\/revisions"}],"predecessor-version":[{"id":738,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/737\/revisions\/738"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=737"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}