Playtech Confirms Will Hill Interest In Valuation Of W.h.o.

PLAYTECH CONFIRMS WILL HILL INTEREST IN VALUATION OF W.H.O.

29th November, 2012 at 08:30:57
Source: http://www.azonlinecasinos.com

Valuation necessary for William Hill plc to exercise its call option on Playtech's 29% of WHO

Online gambling group Playtech plc has announced that it has been formally advised by William Hill Online partner William Hill plc that that company is triggering the valuation process for William Hill Online as part of its right to exercise its call option over Playtech's 29% stake in the business.

Playtech chief exec Mor Weizer said that WHO is a key driver of William Hill's overall success and, as a major supplier to WHO and the wider business, Playtech is dedicated to maintaining its close working relationship with William Hill to support its continued growth.

In the event that the option is exercised Playtech is committed to the smooth handover of the 29% stake in order to ensure an efficient and fair transition and support WHO's growth going forward.

Reference: somewhat confusingly, the William Hill brand is in use on two Playtech casinos, one directly through their UK website willhill.co.uk and one, dubbed "Casino Club", a stand-alone entity operated by Playtech.

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