Categories: Tech & Auto

Playtech shares plunge as Evolution links rival to smear report

(Reuters) -Playtech shares fell by more than 38% 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%, leading fallers on London's FTSE 250 index. Evolution was up around 1% in Stockholm. (Reporting by Danilo Masoni; Editing by Kirsten Donovan)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

L'Oreal seen falling 6% in premarket Frankfurt trading

Oct 22 (Reuters) - L'Oreal's shares are expected to drop roughly 6%, according to premarket…

6 minutes ago

BRIEF-International Personal Finance Extends PUSU Deadline To Nov 19

Oct 22 (Reuters) - International Personal Finance PLC : * EXTENSION OF PUSU DEADLINE *…

10 minutes ago

REUTERS NEXT- DIPLOMATIC ADVISER TO UAE PRESIDENT ANWAR GARGASH:

REUTERS NEXT- DIPLOMATIC ADVISER TO UAE PRESIDENT ANWAR GARGASH: (The article has been published through…

1 hour ago

Cuban musicians, US ambassador pay homage to 'Queen of Salsa' Celia Cruz

HAVANA (Reuters) -A small group of Cuban musicians, together with the top U.S. diplomat in…

1 hour ago

Rugby league-Australia's Nawaqanitawase to make mark as dual code international

MELBOURNE, Oct 22 (Reuters) - Two years after Australia's Rugby World Cup disaster in France,…

2 hours ago

Netflix shares drop as Brazilian tax dispute hits earnings

By Lisa Richwine LOS ANGELES (Reuters) -Netflix missed Wall Street's third-quarter earnings targets because of…

2 hours ago