Playtech has renegotiated its terms with Mexican gambling operator Caliente, securing a 30.8 per cent equity stake in Caliente Interactive, the new holding company for Caliplay, incorporated in the United States.
Under the terms of the deal, the London-listed gambling tech provider will also gain the right to appoint a director to Cali Interactive’s board, extend its B2B software license and services agreement for eight years, and receive an additional $140m (£106m) from Cali Interactive, phased over four years.
Playtech’s relationship with its Mexican client has been troubled. Caliplay previously withheld payments during an ongoing legal dispute.
However, the company confirmed on Monday that Caliplay has resumed payments, with more than €150m [$167m], approximately 80 per cent of the total, already settled.
