Successful resolution re William Hill Online

RNS Number : 8239Q

Playtech Limited

25 October 2011

 



Playtech Limited

('Playtech' or the 'Company')

Successful resolution re William Hill Online disruption

Following today's announcement by William Hill (LSE: WMH) Playtech, (AIM:PTEC) the leading provider of software and services to the online, mobile and land-based gaming sector, is pleased to note that the disruption within William Hill Online has been resolved.

Playtech's senior management worked very closely with William Hill to find a resolution to the disruption within William Hill Online, the joint venture between William Hill and Playtech.

William Hill Online remains important to Playtech and its stakeholders and the Company will continue to give William Hill all necessary support to ensure the business continues to go from strength to strength.

Mor Weizer, Chief Executive of Playtech, commented: "Having been asked by William Hill's Chief Executive, Ralph Topping, to assist, I am very pleased that this issue is now behind William Hill Online. It is very positive for both shareholders that the business can now continue to move forward."

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For further information contact

Playtech Ltd Mor Weizer, Chief Executive David Mathewson, Chief Financial Officer Ross Hawley, Head of Investor Relations c/o Pelham Bell Pottinger	[phone]
Collins Stewart Piers Coombs / Bruce Garrow	[phone]
Deutsche Bank Andrew Smith	[phone]
Pelham Bell Pottinger David Rydell / Olly Scott / Guy Scarborough	[phone]

About Playtech

Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, hosting and CRM services.

Leading gaming applications include casino, poker, bingo, sports betting, live gaming, casual and fixed odds games.

Playtech provides licensees with the tools to maximise cross-selling opportunities, player loyalty and yield, all through the powerful management interface - the IMS. The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.

New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.

Founded in 1999, Playtech has some 1,000 employees located in development centres in five countries, the majority of whom are engaged in research and development of current and future gaming technologies, together with 900 employees providing ancillary services. 

www.playtech.com  

 

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