Playtech welcomes inclusion in lawsuit as an opportunity to question Evolution executives in court
Playtech has responded to Evolution’s decision to name the company and other parties as defendants in Evolution’s ongoing defamation lawsuit in New Jersey.
Playtech said that it had been expecting today’s development since Evolution’s public statements in October.
“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,” said Playtech.
The company added that it welcomes court and regulatory examination of the report and its findings, as well as 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.
The statement concluded: “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.”
Shares in Evolution AB (STO:EVO) were trading marginally higher at SEK 614.00 per share in Stockholm Thursday afternoon, while shares in Playtech plc. (LSE:PTEC) were trading marginally lower at 392.00 pence per share in London.