Playtech Shares Drop 30% After Being Added to Evolution Lawsuit

Playtech shares plunged as much as 30% following reports about the company’s involvement in an ongoing legal case against Evolution.

Reason Behind the Stock Drop

Evolution AB announced that it had amended its ongoing lawsuit to include Playtech as one of the defendants. Following the announcement, Playtech’s stock fell more than 30% on the exchange.

According to Evolution’s statement, during the legal proceedings it was discovered that Playtech allegedly commissioned a short analytical report back in 2021. That report became a central element in the long-running legal dispute between the two companies.

The 2021 Report’s Role

A New Jersey court later deemed the report “inaccurate”. Afterward, regulators in New Jersey and Pennsylvania closed their reviews without taking further action against any of the parties involved.

Progress of the Legal Case

Evolution stated that the legal proceedings are still underway and could continue into 2026. The lawsuit claims that Playtech’s actions may have negatively affected Evolution’s reputation and financial results.

Market Reaction

Investors responded to the news with a sharp sell-off of Playtech shares. Despite Evolution’s modest stock increase (+0.75%), Playtech hit a one-month low. Market participants are now awaiting further comments from both companies and relevant regulators.

Key Company Data

• Playtech Ticker: PYTCF / PYTCY
• Evolution Ticker: EVO.ST
• Playtech Stock Change: -30%
• Evolution Stock Change: +0.75%

The situation is still developing, and analysts expect additional updates regarding the legal actions and potential financial implications for both companies.