Success for bookmaker-software firm partnership
Posted by Gavin Smith on 18 May 2009 at 08:05
A gaming software company's decision to partner up with a bookmaker looks to have paid off after it reported a huge rise in gross income.
Playtech, which entered into an internet venture with William Hill last year, registered a 46 per cent year on year rise in income to €36m (£32m) for the first three months of the year, the Financial Times reports.
The company, majority owned by Israeli businessmen Teddy Sagi, opted for a 29 per cent stake to move over gaming assets and contracts to the bookmaker to form William Hill Online.
