Playtech Takes Steps to Resolve Dispute with Calipay

Playtech, the global supplier of technology, slot games and live dealer games for online casinos, has announced the steps it will take in order to resolve the dispute with Caliplay, the Mexican sports betting and online gambling brand.

The disagreement reached its peak a few weeks ago, when Caliplay announced it has filed legal action against Playtech in order to annul the partnership agreement between the two companies.

Caliplay was formed as a joint venture between Playtech and Caliente, a Mexico-facing online casino and sports betting operator. Now Caliplay is looking to end its partnership with Playtech and the matter was handed to the Mexican legal system. The Mexican court accepted jurisdiction over the filing and issued interim orders which suspend certain rights that Playtech had under the agreement with Caliente.

The supplier was ordered by the court to continue providing its software and services to Caliplay until the claim is settled. However, Playtech was no longer entitled to receiving payments from Caliplay for its services.

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At first Playtech did not reply to the legal action but now the company decided to hit back in order to protect its interests. The company announced that it accepts the Mexican court proceedings, but underlined that what Caliplay has done is in breach of the contractual agreements between the two companies. The strategic agreement between Playtech and Caliplay was signed back in 2014.

Playtech pointed out that the contract stipulates that any dispute between the two parties would be resolved by courts in England, not in Mexico or anywhere else. The company also announced that it has secured anti-suit injunctions from English courts against Caliplay and that forbids the Mexican company from taking more steps in proceedings in its own country.

In fact, Playtech is trying to move the whole dispute to English courts. Despite the disagreement, Playtech insisted that it still considers Caliplay “a highly important customer” and that it desires to resolve the dispute “as quickly as possible.”

The live casino supplier has recently strengthened its position in North America by signing a subscription agreement with NorthStar Gaming, the Canadian online casino and sportsbook operator from Toronto. The agreement will grant Playtech the opportunity to expand its stake in NorthStar Gaming with shares worth another 10 million Canadian dollars.

Source:

“Playtech hits back in Caliplay dispute“, igamingbusiness.com, November 2, 2023.