To acquire Playtech’s 29 % stake
William Hill completes Playtech call option exercise
2013-04-16
Reading time 22 seg
(UK).- Playtech announced Monday that William Hill is completing the exercise of its call option to acquire Playtech’s 29 % stake in William Hill Online for us$ 649.3 million, delivering a cash-on-cash return of more than 3.5 times which excludes software royalties.
The amount will be subject to a post-completion working capital adjustment and Playtech will also receive its share of profit in William Hill Online accrued since 1 January 2013.
Playtech’s software agreements with William Hill Online will continue following the completion of the call option, the company said in a statement.
Leave your comment
RELATED NEWS
Follow-up to Catch of the Day
Inspired Entertainment unveils new fishing game Catch of the Day Respin 'Em In
Controversy amid mayoral race
888.com to withdraw ads from London transport following tone backlash
Latest addition to spring racing roster
William Hill announced as official betting partner of Qipco Guineas Festival
COMPANIES
Amidst Enjoy's reorganization plan
Five candidates in the race to acquire Enjoy Punta del Este as negotiations progress with Logrand in Chile
Mixing sports betting elements
Pragmatic Play debuts Football Blitz Top Card in Live Casino game lineup
Live on both iOS and Android
Caesars unveils upgraded Caesars Palace Online Casino app featuring new look and navigation layout
Announced on April 23rd
1xBet bags SiGMA Americas Award for Best Esport Operator in Latin America
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
Tackling diverse industry issues
SBC Summit North America unveils diverse lineup of conference headliners
Expo runs 7 - 9th May
NFL legend Dan Marino to headline keynote panel at SBC Summit North America
10,000+ visitors and 250 exhibitors
BiS SiGMA Americas 2024 sets new benchmark for LatAm industry events and reflects Brazil's booming market
The event concludes today in Sao Paulo
First day of BiS SiGMA Americas 2024 surprises with exhibition size, industry optimism
EVENTS CALENDAR
Highlighted
SBC Summit Rio 2024
Highlighted
SAGSE Latam 2024
Highlighted
Indian Gaming Tradeshow
Highlighted
GAT Expo Cartagena
APR 9th 24 / APR 11th 24
Live Event Centro de Convenciones Las Américas, Cartagena de Indias
Highlighted
DigitalPlay Summit 2024
Highlighted
IGE Italian Gaming Expo & Conference
Highlighted
BIS Brazilian iGaming Summit SiGMA Americas
Highlighted
SBC Summit North America
Highlighted
PGS 2024 Peru Gaming Show
Highlighted
