Playtech Consolidates Committees, Adjusts Roles

Playtech has reorganized its committees and changed some responsibilities.

Playtech, a company specializing in gambling, is changing how its committees work. Now, the group that checks finances will also handle risk, and they'll be one combined team starting on June 1. This change won't impact any other teams in the company.

List of Committee Members and Their Duties

The new audit and risk committee will be composed of these individuals:

• Ian Penrose as chair, with experience on the board since 2018.
• Linda Marston-Weston, a non-executive director.
• Samy Reeb, also a non-executive director.

The new regulatory and compliance committee will now handle compliance tasks, with Samy Reeb acting as its leader, and Ian Penrose and Anna Massion as participating non-executive directors.

Business Expansion and Success

Playtech had good sales in the first part of the year, earning more money, especially in the US and Canada. They quickly expanded in the live market.

The company has stricter rules on spending money, which has helped them do well. They pointed out that Snaitech, which they run in Italy, is doing well, and that they are making good money from both online and physical betting shops.

Ongoing Caliplay Dispute

Caliplay, created together with Caliente in Mexico, is causing problems because they can't agree on fees. They are going to court to break up the partnership even though Playtech tried to fix things.

Playtech knows a lot about how much money Caliplay makes but doesn't have all the financial details. Therefore, they guess some of the income from the business-to-business services using past numbers and the information they have. Even so, Playtech keeps talking to Caliplay regularly because they're an important customer.