Published by Global Banking & Finance Review®
Posted on October 21, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GooglePlaytech shares dropped over 38% after Evolution alleged defamation, linking Playtech to a damaging report. Playtech denies the claims.
(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)
Defamation is the act of making false statements about someone that can harm their reputation. It can be classified as either slander (spoken) or libel (written).
Corporate governance refers to the systems and processes that direct and control a company. It encompasses the relationships among the company's management, board, shareholders, and other stakeholders.
Stock performance refers to the change in the price of a company's shares over time. It is often measured by the stock's price appreciation and dividends paid to shareholders.
The London Stock Exchange (LSE) is one of the largest and oldest stock exchanges in the world, where shares of publicly traded companies are bought and sold.
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