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William Hill Buy out specs

Sunday October 14,2012 :  SPECULATION GROWS ON WILL HILL BUY OUT OF WHO JOINT VENTURE (Update)
 
Business media reports suggest that buy-out of Playtech's interest may be announced next Friday with Q3 results
 
Brit bookie firm William Hill plc.’s at times fractious partnership with Playtech in the William Hill Online joint venture is again the subject of speculation in the UK business press, with industry observers opining that the giant bookmaker is set to announce a buy-out of Playtech's 29 percent interest as soon as next Friday, when the company's Q3 results are due.
 
The four-year-old partnership has been financially successful if on occasion rather contentious, and Will Hill CEO Ralph Topping is on record as having ambitions to take the whole operation over; it is known that talks have been on-going between the partners.
 
Online activity is a major business generator for William Hill plc, and WHO contributed over a third of the bookmaker's $441.4 million in profits last year. This could be a propitious moment for Topping to exercise the first of two contractual call options built in to the original agreement.
 
How much William Hill would have to pay to wily Playtech major shareholder Teddi Sagi and his colleagues is open to conjecture, with industry analysts suggesting a wide price range that starts at GBP 225 million and goes as high as a rather hopeful GBP 500 million, according to one newspaper report.
 
Back in 2008 Playtech coughed up $319.7 million for its share of WHO, additionally providing its technical know-how and staff experience.
 
There is a provision in the original agreement that covers a situation in which a deal cannot be struck; this entails an independent bank assessment on the value of the company.
 
In related news, William Hill's other acquisition drive - the takeover of Sportingbet plc in tandem with GVC - is closing in on the stock exchange October 16 cut-off date by which potential buyers have to put up or shut up.
 
Thus far the first Will Hill-GVC offer of GBP350 million has been spurned by Sportingbet , leaving Topping and GVC's Ken Alexander two choices: apply for an extension or up the ante.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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