Playtech has sought a declaration from the English courts to obtain clarification on a point of disagreement with Caliplay, its joint venture with Mexican operator Caliente.

The dispute relates to if Caliplay still holds an option to redeem the additional services fee element of the strategic agreement between the two parties.

The option in question was structured in a way that the amount payable by Caliplay to Playtech upon exercise would either be agreed between the parties, or if this was not possible, determined by an independent investment bank valuing Playtech’s current entitlement to receive the additional services fee until 31 December 2034.