Ladbrokes Expected To Sign Playtech Deal
Ladbrokes, the UK’s second largest bookmaker, is expected to sign a deal with online casino technology giant Playtech. The deal could come this week, as Playtech is due to publish yearly earnings on Thursday.
Playtech and William Hill are in the process of dissolving their joint venture and both sides are looking for new partners. William Hill recently agreed to buyout Playtech’s shares of WHO (William Hill Online) for $630 million.
Our analysts expect Playtech to sign new large online casinos and Ladbrokes was the perfect first choice for Playtech’s post William Hill era.
We also expect Playtech to go on a “shopping spree” and invest their new mountain of cash.
With the return of online gambling in the US moving ahead at full stream, Playtech is expected to make a move in the US. Will they buy an Atlantic City or Las Vegas casino? Or will they send one of their smaller companies to do the work?
Stay tuned for more on Playtech and Ladbrokes at Online Casino Archives!