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AMICABLE RESOLUTION FOR WILL HILL AND PLAYTECH
Written On 5/13/11 By Recentpoker.com staff writer Frank Polliern :
Greater flexibility will allow further commercial opportunities
Bookmaker William Hill PLC and Playtech Limited have reached an amicable resolution in their dispute over Playtech’s interest in William Hill Online (WHO).
An injunction was secured by William Hill in February this year to ensure that its legal rights under the William Hill Online joint venture agreements were maintained amid rumours that Playtech was in talks with rival bookmaker, Ladbrokes.
The agreement will see both parties applying for the injunction to be discharged and contains an exit provision of the existing shareholders agreement including William Hill's call option rights exercisable in early 2013 and 2015.
Both companies have agreed to changes in the agreement which they say will grant greater flexibility to their respective operations, including William Hill Online, and allow for further commercial opportunities for the parties.
“These include increased flexibility for William Hill Online to provide betting services to William Hill's Retail business and the cancellation of the sole restriction regarding Playtech's ability to license its software, which restriction related to a UK land-based gambling operator.”
Existing restrictions on UK Marketing Services provision remain in place, running through to the first call option date.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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