Playtech Sees Spectrum Report as Black Cube Corroboration

Playtech has fired back at Evolution's take on the Spectrum Report, insisting the document backs up key findings from the Black Cube investigation it bankrolled. The London-listed supplier argues the report, which Evolution once waved around as proof of innocence, confirms concerns about game availability in grey and black markets plus the regulatory trouble those practices invite. It also flagged that Spectrum couldn't verify or refute certain conclusions because Evolution sat on information during the review, including data that would have shown whether gaming sessions happened in Iran, Syria and Sudan, and revenue reports for those same spots.

That missing material, Playtech argues, stopped Spectrum from wrapping up large chunks of its work. It also left questions about Evolution's exposure to banned jurisdictions hanging. The report itself said Evolution does little proactively to make sure customer-facing operators flogging its products stick to contractual terms. Playtech, still fully behind the original probe, wants the court to read the whole document.

"It is evident that Evolution's concern around the release of the Spectrum Report was not related to sensitive proprietary financial information as Evolution argued, but instead, the corroboration of its 'significant' compliance issues," Playtech said. It then quoted the report's own language describing Evolution's practices as "problematic" and said they "place Evolution in a precarious situation with law enforcement officials."

The report came out after Evolution spent months opposing its disclosure, citing sensitive financial data. Now that it's public, Playtech says the court, regulators and other interested parties can weigh it properly. Neither camp is budging. Playtech has vowed to "defend itself vigorously" through the proceedings.

Evolution chief Martin Carlesund has said the company has "systematically been progressing and winning in court, that's taken four years" and reckons the spat could last "many years." New Jersey's Division of Gaming Enforcement looked into the allegations with the Spectrum report among the background material, and no regulator ever slapped enforcement action on Evolution.

Elsewhere, Evolution has had a shaky patch, narrowly dodging a UK Gambling Commission suspension tied to supplying services to six unlicensed sites reachable by British players. Still, its shares are up more than 37% in 2026. Playtech's stock has risen 46% in the same window. Neither moved much on today's headlines. Playtech says it remains sure the court will affirm the Black Cube investigation's credibility and legitimacy. Evolution chose not to comment.