Playtech has wasted no time in responding to developments in its ongoing legal drama with Evolution.
The company stated it will ‘defend itself vigorously’ against Evolution’s US defamation lawsuit, which alleged it orchestrated a defamatory smear campaign against the firm, calling the accusation ‘baseless and without merit’.
The statement from Playtech comes in response to Evolution citing the supplier as a defendant alongside Calcagni & Kanefsky LLP and Black Cube, in addition to adding Juda Engelmayer and others as defendants.
Playtech to ‘defend itself vigorously’ vs Evolution
Playtech has been waiting for this since October last year, when Evolution named the supplier as being accountable for commissioning Black Cube to investigate the provider’s activities in prohibited and sanctioned markets and its supply to unlicensed operators in regulated markets.
Playtech stated: “As previously announced, Playtech stands by both the decision to commission the report at the centre of Evolution’s claims, and the validity of its findings.
“Evolution continues to seek to avoid legitimate scrutiny rather than addressing longstanding questions about its own conduct, including its decision to supply operators in both illegal and sanctioned markets and to support unlicensed operators in regulated markets.
“Playtech welcomes court and regulatory examination of the report and its findings and, importantly, the opportunity to be involved in the discovery process including to question Evolution’s employees, executives and officers in court.
“The company is very confident based on evidence it has, including recent additional evidence, that these proceedings will confirm the credibility and legitimacy of the report and the importance of the issues it seeks to address.
“Playtech will defend itself vigorously against Evolution’s claims and will continue to act in the best interests of industry operators, suppliers and regulators as well as its shareholders.”
Evolution names Playtech
Earlier today, Evolution released a statement alleging that Playtech orchestrated a defamatory smear campaign against the company to enter the North American market and eliminate competition.
The filing also accuses Playtech of ‘trade libel, fraud and racketeering, as well as withholding information about its conduct from shareholders despite Playtech Chief Executive Officer Mor Weizer‘s active participation in the preparation and dissemination of the defamatory report’.
Evolution noted: “We are formally naming Playtech in our lawsuit because the facts are clear: Playtech hired Black Cube to create and publicise a defamatory report designed to harm Evolution, all while misleading the market and lying to investors about its role.
“For nearly four years, Playtech spent millions of dollars in legal fees to conceal its involvement in this smear campaign and avoid accountability.”
Evolution continued: “We are confident in our rigorous compliance policies and practices, and that the facts in this case are on our side. We look forward to holding Playtech, Black Cube, and all their accomplices accountable for the harm they have caused.”
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