Gambling cubes and chips are seen in front of displayed Playtech logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration
(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".
