Playtech and William Hill reach settlement

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It appears that leading bookmaker William Hill and online casino software giant Playtech have reached an amicable settlement over their recent dispute...

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The controversy is said to have stemmed from a dispute between the two parties that arose over William Hill's online casino; it had been rumoured that software provider Playtech had also been discussing a potential deal with one of William Hill's biggest rivals: Ladbrokes.

News of the rumour led William Hill to take action during February of this year; they set out to seek and secure a court injunction which would serve to protect their interests in William Hill Online, it would also serve to prevent Playtech from taking any action that would violate their joint venture agreements.

Following the release of both company's financial results, it has become clear that William Hill are very much a driving force behind the profit of both organisations – this has apparently prompted Playtech to seek an out of court solution to the disagreement, with both parties officially requesting for the court injunction to be discharged. The new agreement has some interesting stipulations, such as the news that William Hill Online will be allowed to provide betting services and will no longer be obliged to receive its software exclusively from Playtech – this has prompted some critics to comment Playtech have merely caved to the demands of William Hill PLC.

Meanwhile, Playtech may have also struck a deal to supply software to Gala Coral. The deal would mean that Playtech would provide software for Gala's online bingo rooms; it is thought that the relationship between Playtech and Gala will be more straightforward than that of William Hill PLC and Playtech.

Industry insiders will be monitoring the ever-changing relationships between these key industry players with great interest in the months ahead.

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