William Hill seek WHO valuation

By
Bookmakers William Hill have formally requested a valuation of Playtech’s 29% stake in the firms’ William Hill Online (WHO) joint venture.

Providers Playtech revealed the news in a statement, adding that they were “committed to the smooth handover” of the stake should Hills exercise their right to purchase it.

Hills have the right to exercise a call option on their partner’s stake in the unit, which was created in December 2008.

Playtech CEO Mor Weizer said: “WHO has been a phenomenally successful and transformational partnership for William Hill and Playtech, consistently achieving double-digit growth year on year.

“Current trading is very encouraging and regardless of William Hill's as yet undetermined final decision on the call option, we look forward to working with WHO and maintaining our very positive relationship.”
TAGS:

Share This Post


NEWS SPONSOR

More News

The self-nomination window for the Global Gaming Awards London 2021 is now open. Following the success of our seventh Global Gaming Awards Las Vegas ceremony, powered by Gambling Insider and Gaming America,...




Gambling Insider spoke with Luca Galli, head of BDM for Pragmatic Play, to get his insight into the development of the live casino vertical and how operators can best utilise its...