EU and US could reach trade deal this weekend - Reuters
LONDON - Playtech plc (LSE: LON:PTEC), a prominent technology provider in the gambling industry, has received Mexican antitrust approval for its revised strategic agreement with Caliplay, as announced on Friday. Following this development, the company confirmed that all necessary approvals have been secured.
The completion of the revised arrangements with Caliplay is now set for March 31, 2025. This partnership is expected to bolster Playtech’s position in regulated and newly regulated markets by leveraging its data-driven gambling technology across various product verticals.
Established in 1999 and listed on the London Stock Exchange (LON:LSEG), Playtech employs over 8,300 individuals across 19 countries. The company specializes in delivering gambling software, services, content, and platform technology, including casino, live casino, sports betting, virtual sports, bingo, and poker. Playtech’s integrated platform, Playtech ONE, offers marketing expertise, single wallet functionality, customer relationship management (CRM), and responsible gambling solutions on a unified platform.
Playtech’s business model focuses on partnering with leading brands in regulated markets, providing technology on a business-to-business (B2B) basis to top online and retail operators, casino groups, and government-sponsored entities like lotteries. Additionally, Playtech owns and operates Snaitech, a key player in sports betting and gaming in Italy’s online and retail sectors.
This announcement, which contains inside information for the purposes of the UK Market Abuse Regulation, was made by Sandeep Gandhi, Head of Investor Relations at Playtech. The information is based on a press release statement and is intended to keep investors informed about the company’s latest regulatory developments and strategic partnerships.
The successful antitrust clearance in Mexico marks a significant milestone for Playtech, enabling the company to proceed with its strategic initiatives and continue its expansion in the global gambling market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.