William Hill buys out minority shares of Playtech

Mar 4, 2013 7:10 PM

William Hill, the U.K. bookmaker with extensive wagering outlets in Nevada, announced over the weekend it had bought out the minority shares of software company Playtech.

The company said it paid $643 million to buy out the 29 percent Playtech held in its subsidiary, William Hill Online.

During the licensing process in Nevada, when William Hill was acquiring Vic Salerno’s American Wagering Inc., gaming regulators had questioned the British company about Playtech. At that time, company officials indicated it was strongly looking at buying out its online partner.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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