2nd of March 2012 Author: Glo Wood
The media is buzzing about the possibility of William Hill making a bid to buy gambling software company, Playtech, sometime next year. The two companies have previously collaborated on William Hill Online (WHO) in which Playtech owns 29%.
According to Ralph Topping, William Hill Chief Executive, he and the chairman, Gareth Davis, met monthly with Playtech. 'Discussions about the future are positive â€¦ despite colourful episodes over the past three years [the venture] has been good for their investors and good for our investors. The current arrangement is one that needs to change - both organisations recognise that', said Topping.
In an ever growing competitive online gambling market, the William Hill brand has continued to flourish. WHO profits have risen by 17% to £107 million while profits from William Hill's traditional betting establishments have declined 4% to £197 million. William Hill is the largest bookmaker in the UK with approximately 2,400 shops. They aspire to expand with regard to their international operations. William Hill and Playtech may be a match made in heaven.
Regarding the rise in profits, Topping also said, 'I think you are seeing the working man saying that some of his pleasures are just not going to be foregone. He's not spending on a new car and might be cutting back on holidays but he needs a bit of brightness in his life.'
Within the upcoming year, William Hill has the option to obtain the 29% stake in WHO that is currently held by Playtech.
Bingo Society News General Bingo News
30th of October 2012
12th of March 2014
18th of May 2019
17th of May 2019
16th of March 2019
4th of April 2019
1st of May 2019
17th of March 2019
19th of March 2019
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2019
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!