Executives will meet to discuss whether or not to end joint venture
William Hill and Playtech open talks
2012-03-14
Reading time 28 seg
(UK).- In an attempt to salvage a joint online venture, William Hill will this month open talks with Playtech. Following a dispute between the two last years, the Financial Times reported that executives from William Hill and Playtech will meet to discuss whether or not to end their joint venture.
Playtech CEO Mor Weizman is quoted as saying in the report: "It is imperative that all options are explored, including structural changes to the joint venture, something we are not opposed to."
According to the newspaper, William Hill wants strategic control over the fastest-growing division in its business by ending Playtech's veto over acquisitions and obtaining a commitment from the company not to work with high street rivals Ladbrokes.
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