Playtech shares plunge as Evolution links rival to smear report
Gambling cubes and chips are seen in front of displayed Playtech logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration
Playtech shares fell by more than 38 per cent on Tuesday after rival Evolution said it would add the UK gaming firm to a defamation lawsuit, alleging one of its subsidiaries commissioned a 2021 report meant to damage its reputation and business operations.
Responding to Evolution's statement, Playtech rejected the allegations, stating that the suggestion it was "engaged in a smear campaign is wholly untrue".
By 1222 GMT, Playtech shares were down 29.5 per cent, leading fallers on London's FTSE 250 index. Evolution was up around 1 per cent in Stockholm.
Source: Reuters
