May 13, 2011 / 5:53 PM / 7 years ago

UPDATE 1-Playtech resolves dispute with partner William Hill

* Cos reach resolution regarding William Hill injunction

* Agreement includes increased flexibility for both parties

(Adds details)

LONDON, May 13 (Reuters) - Online gaming firm Playtech (PTEC.L) and bookmaker William Hill (WMH.L) said on Friday they had amicably resolved a legal dispute relating to Playtech’s interest in their online joint venture.

William Hill, Britain’s biggest bookmaker by market value, secured an injunction to protect its relationship with the software provider following reported takeover interest from rival Ladbrokes LAD.L. [ID:nLDE71M0E1]

    Estonia-based Playtech and William Hill said the agreement granted William Hill Online increased scope to provide services to William Hill’s retail operations and eased restrictions on Playtech licensing its software to other firms.

    The companies also said the performance of William Hill Online remained strong. (Reporting by Paul Sandle; Editing by David Holmes)

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