Playtech shares plunge
22 Jul 2009
LONDON, England -- As reported by The Telegraph: "Playtech, which teamed up with bookmaker William Hill last October to create William Hill Online (WHO), blamed the setback on integration between the two businesses taking longer than thought.
"The company added that difficult trading conditions and the effect of the downturn on some of its licensees would also contribute to full-year trading not meeting market expectations.
"But Playtech stressed that following a sluggish start, WHO was now making good progress.
"William Hill responded to Playtech's update by saying it remained comfortable with the market consensus for WHO in 2009..."