ISRAELI ONLINE gaming software provider Playtech has formed a partnership with William Hill. Playtech will hold 29 per cent of a newly formed company, William Hill Online, for the internet gambling activities of the UK bookmaker. William Hill will hold the other 71 per cent with Playtech having an option to increase its stake.
BANK HAPOALIM Ltd, the biggest loser of any Israeli bank from the global financial crisis, will not meet its 2008 profit forecast. It will post return on equity of between zero and 2 per cent, compared with the seven to 10 per cent range it forecast in May.