{"id":17850,"date":"2024-03-27T10:49:26","date_gmt":"2024-03-27T10:49:26","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17850"},"modified":"2024-03-27T12:29:05","modified_gmt":"2024-03-27T12:29:05","slug":"playtech-in-legal-dispute-with-client-as-caliplay-refuse-to-pay-132-million-fee","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/27\/playtech-in-legal-dispute-with-client-as-caliplay-refuse-to-pay-132-million-fee\/","title":{"rendered":"Playtech In Legal Dispute With Client As Caliplay Allegedly Refuse To Pay $132Million Fee"},"content":{"rendered":"

Playtech is in a legal dispute with Caliplay, with the Mexican betting operator allegedly refusing to pay Playtech $132.1Million for its services.<\/strong><\/p>\n

Playtech In Legal Dispute With Caliplay<\/h2>\n

According to Playtech, Caliplay owe the gaming software $132.1m in outstanding fees and is now being discussed in an ongoing legal dispute.<\/p>\n

Playtech included the money owed in its overall revenue and profit report, as it believes the money will be obtained through the court of law.<\/p>\n

The legal battle between the two has been going for an extended period of time, as the Mexican betting operator looks to exit its contract with Playtech.<\/p>\n

Playtech’s overall profits came to $254.5m in a successful year for the gambling software company and reached a revenue of $1.8bn.<\/p>\n

CEO of Playtech, Mor Weizer, has shown confidence in the company’s strategy and will continue to prioritize its product for shareholders.<\/p>\n

He said: \u201cWe remain very confident in our ability to execute our strategy and to continue delivering value for our shareholders.”<\/p>\n

Rumors of a possible takeover for both Playtech and Caliplay, as the low share price of the latter make it an ideal option for possible buyers.<\/p>\n

Playtech also looked to expand last year, as 888, owned by William Hill, were targeted by the gambling software firm but failed to progress.<\/p>\n

The Director of Research at Edison Group, Neil Shah, highlighted Playtech’s recent success and the ability to broaden its reach through purchases.<\/p>\n

He said: \u201c\u201cPlaytech\u2019s FY2023 full-year results demonstrate good progress in its strategic and operational endeavours, with a 7% revenue increase to \u20ac1,706.7 million and a 9% rise in Adjusted EBITDA to \u20ac432.3 million, driven by strong performances in both B2B and B2C divisions,<\/p>\n

\u201cHowever, challenges persist, notably the ongoing dispute with client Caliplay,<\/p>\n

\u201cAll eyes will be on Playtech in October when the case goes to trial and may result in a significant loss of revenue if Caliplay does not fulfil its payment obligations.\u201d<\/p>\n

Check out Instant Withdrawal Casinos<\/a> for the fastest payout online casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"

Playtech is in a legal dispute with Caliplay, with the Mexican betting operator allegedly refusing to pay Playtech $132.1Million for its services. Playtech In Legal Dispute With Caliplay According to Playtech, Caliplay owe the gaming software $132.1m in outstanding fees and is now being discussed in an ongoing legal dispute. Playtech included the money owed … <\/p>\n","protected":false},"author":60,"featured_media":17872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nPlaytech In Legal Dispute With Caliplay Over $132m Fee<\/title>\n<meta name=\"description\" content=\"Playtech is in a legal dispute with Caliplay, with the Mexican betting operator allegedly refusing to pay Playtech $132.1Million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/instantcasinos.com\/blog\/2024\/03\/27\/playtech-in-legal-dispute-with-client-as-caliplay-refuse-to-pay-132-million-fee\/\" \/>\n<meta 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