Tag Archives: Philip Bowcock

Ulrik Bengtsson to take charge at William Hill as Bowcock bows out

In a surprise move, William Hill has announced a change in leadership in revealing that Ulrik Bengtsson is to replace Philip Bowcock as CEO at the end of the month. Bengtsson, previously William Hill’s Chief Digital Officer, has been appointed Chief Executive Officer Designate and a Director of the Company with immediate effect and will assume full CEO responsibilities from …

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Betting bosses withdraw from upcoming APPG hearing

GVC Holdings Group CEO Kenneth Alexander has withdrawn from this week’s Gambling Related Harm All Party Parliamentary Group (GRH APPG) hearing, with the group’s chair Carolyn Harris MP branding the executive’s decision ‘outrageous’. The APPG hearing, which will specifically focus upon identifying and resolving harms caused by online gambling, brings together representatives from a number of leading UK operators including GVC, William Hill …

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William Hill embarks on transitional journey posting group losses of £63m

Publishing its interim 2019 results (26-week period ending 2 July), FTSE250 William Hill Plc details solid progress on the firm’s five-year business transformation strategy (announced November 2018) focusing on the three core areas of digital expansion, US market growth and retail realignment. Updating investors, William Hill stated that H1 2019 trading reflected the ‘different challenges and opportunities’ that the group …

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Philip Bowcock: William Hill – Nominal response on responsibility has hurt industry’s profile 

Operators who have only donated nominal amounts to GambleAware for research, education and treatment would have been better not bothering, according to William Hill Group CEO Philp Bowcock.  Speaking at World GES in Barcelona, Bowcock touched on this week’s announcement from the UK’s biggest operators to increase the amount of money they provide to GambleAware by a factor of ten, …

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Adjusted William Hill details confidence in 2019 outlook

The governance of FTSE250 betting group William Hill Plc details confidence in its future outlook as the company advances its digital and US market agendas, having adjusted its enterprise to UK regulatory demands. Publishing its ‘unaudited’ trading statement for the 17 weeks to 30 April 2019, the betting  group records net revenues up 2% ‘reflecting a year of transition in …

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FOBTs fears sees betting rethink its place on the high street

As the UK government enforces its £2 FOBTs stake reduction beginning this April, betting leadership is reported to be reviewing all options with regards to the industry’s presence on the high street. During the course of 2018, all major UK high street incumbents – Ladbrokes/Coral, William Hill, Betfred and Paddy Power established special units assessing the potential impacts of FOBTs …

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Philip Bowcock – Pivotal 2018 has laid global growth foundations for William Hill

Closing a ‘pivotal 2018’ for William Hill operations, Group Chief Executive Philip Bowcock states that the firm’s reformed executive team has ‘real clarity and purpose’ on its objectives and guidance for 2019, entering a period which will define the legacy bookmaker’s future business entity. “This business has seen a lot of change over its 85-year history, but arguably, never before …

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William Hill closes year of tough calls recording £700m losses

Changing UK gambling dynamics see FTSE250 bookmaker William Hill Plc report operating losses of £721 million, closing its full-year 2018 accounts. In its end-of-year statement, the betting group accounts for combined exceptional costs totalling £922 million. These include the ‘one-off’ £880 million retail impairment charge, confirmed during Q3 2018 trading, following the UK government’s ‘Triennial Review’ judgement lowering FOBTs stakes to a …

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William Hill expands on digital and international exposure as it announces 900 store closures

FTSE betting group William Hill Plc continues its strategic realignment focusing on international growth and digital transformation, as the bookmaker announces the closure of 900 betting shops across the UK. The operator revealed in its full-year trading statement this week that it had suffered a 15 per cent drop in operating profits. Despite numerous 2018 setbacks, the bookmaker’s digital division …

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William Hill US appoints Kenneth Fuchs as President of Digital

Kenneth Fuchs will bring “deep digital expertise” to William Hill US after the former CEO of STATS was appointed as President of Digital. Fuchs spent more than two years with STATS, a global sports data firm that counts Google, Apple, Amazon, ESPN, Microsoft and William Hill amongst its clients, as well as teams such as the New England Patriots and Golden States …

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