According to its CEO Mor Weizer
Playtech to explore new strategies with William Hill Online proceeds
(UK).- Mor Weizer, CEO of Playtech, has confirmed that the company will be using proceeds from the us$ 657.4 million sale of William Hill Online to investigate what he termed as “strategic alternatives”.
2013-05-02
Reading time 25 seg
(UK).- Mor Weizer, CEO of Playtech, has confirmed that the company will be using proceeds from the us$ 657.4 million sale of William Hill Online to investigate what he termed as “strategic alternatives”.
Proceeds from the sale, which represents an excellent return on its’ original us$ 263.6 million investment made in 2008, are expected to be invested in joint ventures and acquisitions with US facing potential partners.
The new relationship with William Hill provides an opportunity to work with rival gaming giants such as Ladbrokes which has underperformed in the online space. Mor Weizer’s comments came as he reported a 16 % jump in Q1 revenues.
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