Update: Playtech and Gala Coral Close Deal

Memorandum of Understanding inked

This week two major online gambling companies, Playtech and Gala Coral inked a Memorandum on Understanding, which confirms Playtech's advanced discussions with Gala Coral regarding a major software contract between the two companies. It has also been reported that these announcements boosted the price of Playtech shares.

As for the deal, which follows a resolution between William Hill and Playtech on contractual issues surrounding William Hill Online, it will entail some crucial improvements to Gala Coral's websites coral.co.uk, galabingo.co.uk and galacasino.co.uk, as well as the migration of its platforms to Playtech.

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