Playtech has indeed acted very foolishly. I would think that they too would benefit from there not being scandals in the industry, so their valuation levels would also be higher. However, in the live casino sector, there isn’t even much competition at the moment.
This case will also become quite expensive with legal costs. But will there be compensation directly to Evolution, and how sufficient is Playtech’s solvency? That’s probably what’s feared now as their stock price is dropping significantly.
Evolution could even buy the whole company if it drops significantly further. Ready-made studios and games are operational. Playtech also owns a stake in Mexico’s largest online casino company and Hard Rock Bet, which are growing rapidly.