Online Casino Venture WHO Coming to an End
The WHO are breaking up yet again! William Hill Online is calling it quits.
The joint venture between William Hill and Playtech is coming to an end as the British bookmaker is considering buying out Playtech’s stake in their online venture.
William Hill has until next month to activate an option to amicably split with Playtech.
Playtech owns 29% of William Hill Online. Each party will appoint a bank to reach a valuation. If their valuations strongly differ, a 3rd party mediator will come in and help the two sides close a deal.
Estimates of WHO’s value range from £300 million to £493 million. The deal is definitely not ending because of a lack of profits.
WHO reported a 29% rise in operating profits in April, including a 370% increase in mobile bets placed by punters.
William Hill – and online gambling in general – had a busy summer with the London Olympics and the European football championships.
The joint venture created a lot of jobs for both Playtech and William Hill. William Hill Online is powered by Playtech, one of the Internet’s leading online casino game developers.
Playtech has deals with Marvel and most big movie studios. This means that movies like The Mummy, Rocky, Iron Man and much more are featured in their games.
Playtech’s live dealer casino games are considered among the best in the industry. Players are immersed into a large room with all of the bells and whistles of a land-based casino. Playtech releases new slot games on a monthly basis.