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Playtech open discussions with Gala Coral

Playtech, a software developer are currently in discussions with Gala Coral, an online gaming operator known for its variety of virtual Bingo, Casino and Sportsbetting games.

This time however, Playtech won’t form a joint venture like they did with William Hill back in October 2008, but they will most likely start supplying Gala Coral with their software.

Recently, Playtech were in some heated discussions with William Hill about their joint venture Willam Hill Online, but since that is now settled, Playtech can set new targets like this one.

There were rumours that Playtech was going to sell its 29% stake in William Hill online that amounts to £ 2.2 billion, but William Hill were quick to secure Playtech by securing an injunction back in March that prevents Playtech from doing such thing.

William Hill owns 71 percent of the William Hill Online joint venture and had an option to buy Playtech ‘after four and six years on an independent fair value basis’.

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