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Playtech plc has issued a firm rebuttal following Evolution AB’s recent claims that the company engaged in a “smear campaign.” In its official statement, Playtech dismissed the accusation as “wholly untrue,” asserting that the allegation is an attempt to divert attention from “serious questions about Evolution’s business practices.”
According to Playtech, its subsidiary, Playtech Software Limited (PTS), commissioned an independent investigation to explore “credible and repeated concerns” regarding Evolution’s alleged involvement in prohibited and sanctioned markets, as well as its dealings with unlicensed operators. Playtech insists the investigation was conducted lawfully and highlights that its findings “clearly evidence that Evolution’s business practices undermine lawful and compliant gambling operations.”
The company reiterated its confidence in the legitimacy of the investigation and expressed readiness for judicial review, stating that it welcomes court examination of the report and its findings. Playtech concluded by emphasizing its belief that the proceedings will validate both the investigation and the importance of the issues it raises.
Below is Playtech’s full statement:
Playtech plc (LSE: PTEC) (“Playtech” or the “Company”) notes the statement made today by Evolution AB (“Evolution”). The suggestion that its subsidiary, Playtech Software Limited (“PTS”), engaged in a smear campaign is wholly untrue and is designed to distract from serious questions about Evolution’s business practices.
PTS commissioned an independent business intelligence firm to investigate credible and repeated concerns raised by operators, suppliers and regulators about Evolution’s activities in prohibited and sanctioned markets, and its supply to unlicensed operators in regulated markets. The investigation was undertaken lawfully to better understand and verify concerns of significant regulatory and commercial importance.
The report published, as a result of the investigation, clearly evidences that Evolution’s business practices undermine lawful and compliant gambling operations. Such conduct damages trust in the credibility of the entire industry and also ultimately impacts government tax collection.
Playtech stands by the decision to commission the report. Evolution continues to seek to avoid legitimate scrutiny rather than address longstanding questions about its conduct, including its decision to supply operators in illegal markets and to support unlicensed operators in regulated markets.
Playtech welcomes court examination of the report and its findings. Playtech is confident that these proceedings will confirm the credibility and legitimacy of the investigation and the importance of the issues it seeks to address.
