Bookmakers William Hill have formally requested a valuation of Playtechâ€™s 29% stake in the firmsâ€™ William Hill Online (WHO) joint venture.
Providers Playtech revealed the news in a statement, adding that they were â€ścommitted to the smooth handoverâ€ť of the stake should Hills exercise their right to purchase it.
Hills have the right to exercise a call option on their partnerâ€™s stake in the unit, which was created in December 2008.
Playtech CEO Mor Weizer said: â€śWHO has been a phenomenally successful and transformational partnership for William Hill and Playtech, consistently achieving double-digit growth year on year.
â€śCurrent 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.â€ť