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Playtech begins William Hill Online valuation process

29th November 2012 10:02 am GMT

British bookmaker William Hill has confirmed its interest in buying-out technology and services supplier Playtech from their hugely successful William Hill Online joint venture.

Playtech said Thursday that it has received formal notification from William Hill of its interest in exercising its option over Playtech’s 29 per cent stake in the business, triggering the valuation process for William Hill Online (WHO).

The business generated a net profit of £146.5m in 2011 from revenues of £1.13bn, with revenues [...]

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