Another day, another Playtech rumour. The latest speculation surrounding the gambling technology company is that Caliplay, its Latin American partner, is very close to completing a listing in New York that would give the London-listed group a stake worth $700 million.
The speculators are suggesting that if Caliplay — which is tipped to reverse into Tekkorp Digital, a special purpose acquisition company, or Spac — gets off to a flying start after its listing, Playtech’s stake could prove extremely lucrative. The two companies have been partners for many years under a deal that gives Playtech the right to convert revenues from the partnership into an estimated 39 per cent stake in Caliplay. The Spac also will take on a leading media partner as it
