William Hill Granted Injunction Against Playtech

Written by:
Aaron Goldstein
Published on:
Feb/23/2011
William Hill

The United Kingdom’s largest bookmaker, William Hill, has been granted an injunction against one of online gambling’s largest software providers, Playtech.

William Hill’s action prevented Playtech from amending a joint venture agreement between the two firms while preventing the software company from merging with rival Ladbrokes.

Playtech was down 9p to 395p and Ladbrokes was down 1.3p to 138.5p on Wednesday’s news.  The two companies are believed to be in talks over a £2.2bn merger.

A statement issued by William Hill read:  “Playtech recently initiated discussions with William Hill seeking possible significant amendments to the current William Hill Online joint venture agreements. There has also been press speculation regarding discussions between Playtech and Ladbrokes plc”

Playtech in a brief statement said that its interests in the joint venture "remain unaffected" by its partners' court action.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further.  How about a FREE week per month FOR LIFE?

Syndicate

Subscribe to Syndicate
More