Today, Evolution made a sensational statement regarding unfair competition. During the proceedings, it emerged that a subsidiary of Playtech had commissioned the notorious Black Cube firm to prepare and distribute a fictitious report on Evolution’s activities. The document, created in 2021, contained knowingly false allegations and was intended to damage the company.
Evolution states that Playtech paid Black Cube more than £1.8 million to falsify the report, which was then submitted to regulators through the law firm Calcagni & Kanefsky LLP and sent to the media. Subsequently, two US regulators found the document to be unfounded, and the New Jersey Supreme Court called it unreliable. Despite this, the distribution of the report caused Evolution billions in damages.
Evolution now intends to add Playtech to the list of defendants in the case. Now that the client who commissioned the report has been identified, the legal proceedings will continue and are expected to last until 2026.
In response, Playtech also issued an official statement. It called the allegations of its subsidiary, Playtech Software Limited (PTS), involvement in a smear campaign against Evolution AB completely false and aimed at diverting attention from serious questions about Evolution’s business practices.
According to Playtech, PTS engaged an independent analytical firm to investigate credible and recurring concerns raised by operators, suppliers, and regulators regarding Evolution’s activities in prohibited and sanctioned markets, as well as its cooperation with unlicensed operators in regulated jurisdictions.
‘The investigation was conducted lawfully to examine issues of significant regulatory and commercial importance. The report clearly demonstrates that Evolution’s practices undermine the legitimate and honest work of gaming operators, reducing confidence in the industry and affecting tax revenues,’ the statement said.
The team emphasised that it stands by its decision to commission the report and welcomes judicial review of its contents. It expressed confidence that the proceedings will confirm the validity of the investigation and the significance of the issues raised.
According to Gaming Intelligence, against the backdrop of the news, Evolution AB (STO: EVO) shares rose 2.23% on the Stockholm Stock Exchange, while Playtech Plc (LSE: PTEC) shares fell 28.05% on the London Stock Exchange.
According to analysts, the disclosure of Playtech’s role in such competitive practices could have serious legal and reputational consequences. Playtech may face an expanded lawsuit from Evolution, and allegations of unfair competition and interference in commercial relations could be included. UKGC and other regulators are expected to launch additional investigations.
This article was first published in Russian on 21 October 20025.
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