November 2, 2023
Playtech, a gaming supplier, is engaged in a legal dispute with its Mexican partner, Grupo Caliente. The disagreement centers around a financial dispute regarding service fees related to their joint venture, Caliplay. Playtech claims that it is owed certain service fees by Grupo Caliente, while the latter filed a lawsuit in Mexico. However, Playtech argues that the legal action is not valid unless it originates in the UK.
Tensions between Playtech and Grupo Caliente have escalated due to provisions in their contract. Playtech secured anti-suit injunctions from a court in England to challenge the rulings made by the Mexican court judge. These injunctions aim to maintain Playtech's contractual protections and counteract the measures imposed by the Mexican court.
The ongoing dispute between Playtech and Grupo Caliente is scheduled to be resolved in a British court next year. Playtech argues that Grupo Caliente is violating certain conditions of the contract, which stipulates that legal disputes must be resolved by the British court system.
Both companies have a significant amount of money at stake depending on the outcome of the legal battle. The service fees in question amounted to over $35 million for the first six months of last year, and more payments have been added to the court-ordered trust account since then.
Despite the ongoing legal dispute, Playtech continues to expand its operations. The company recently partnered with FanDuel to integrate live casino content into its gaming platform in Canada. This collaboration aims to enhance FanDuel's online gambling and betting offerings in the region and solidify Playtech's presence in the North American market.
In conclusion, Playtech's legal battle with Grupo Caliente has reached a new level as the dispute is taken to England. The outcome of the legal showdown will determine the resolution of their financial dispute and the interpretation of contractual obligations. Meanwhile, Playtech remains focused on expanding its operations and partnerships to strengthen its position in the gaming industry.