Playtech Scraps Caliente Interactive SPAC Merger PlanWritten by: Todd Shriber

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Playtech is abandoning plans to bring Caliente Interactive’s Caliplay unit public in the US via a merger with a special purpose acquisition company (SPAC), potentially dealing another blow to the once hot territory of gaming blank-check deals. Citing a deteriorating capital market climate, Playtech said it’s pulling the plug on the SPAC deal, adding that
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