Posts Tagged ‘Ralph Topping’

William Hill Spends $649 Million to Reacquire Online Stake

by , Apr 29, 2013 | 10:00 am

williamhillWilliam Hill Plc said Monday that it has completed its $649 million acquisition of the 29 percent stake in William Hill Online held by gaming software firm Playtech Ltd.

Playtech also will receive its share of profits in William Hill Online that have accrued since Jan. 1, an amount to be disclosed at a later date.

“William Hill Online has consistently delivered strong net revenue growth since it was formed in December 2008,” CEO Ralph Topping said in a statement Monday. “We are pleased to be assuming full ownership of this attractive, high growth, high performing business.”

William Hill Online posted net revenues of $621.62 million last year.