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WILLIAM HILL ONLINE TALKS SCHEDULED
03/14/2012 : Playtech and William Hill to seek 'a third way' out of recent relationship difficulties
The recent rebellion at various William Hill Online centres has clearly highlighted relationship problems that cannot be dismissed out of hand, with news breaking over the weekend that joint venture partners William Hill and Playtech are to hold meetings this month in an attempt to iron out difficulties.
According to the Financial Times, sources close to the issue have informed it that the goal will be to salvage the companies’ joint online venture, with executives from both groups trying to 'find a third way' out of the situation.
That third way may involve 'structural changes', as it is imperative that all options are put on the table, Playtech CEO Mor Weizer is reported to have said.
Online gambling is the fastest growing of the William Hill businesses, and chief executive Ralph Topping is known to favour further expansion.
There is speculation that he would prefer more if not all strategic control by ending Playtech’s veto over WHO acquisitions and obtaining a commitment from the Israeli company not to work with high street rivals like Ladbrokes, with whom Playtech has reportedly been talking.
The recent staff disruptions in WHO centres will probably have acted as an additional spur to address the current unsatisfactory (from a William Hill standpoint) position.
The two companies have been partners in William Hill Online since 2008, with Playtech holding 29 percent of the enterprise, for which it paid in Euro 250 million.
The deal allowed Playtech to provide its internet gambling software for casino and poker games and the marketing personnel to drive customers to the online operation.
From the William Hill perspective, an element in the original agreement may provide an opportunity for change; in 2013 the company has the option to buy out Playtech’s stake.
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 Microgamingís 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 Sundayís 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 Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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