William Hill and The Racing Partnership (TRP) today announce they have agreed a long-term media rights deal. As a result of the deal William Hill will buy betting shop media rights directly from TRP, which represents 15 Arena Racing Company (“ARC”) owned racecourses and seven independent racecourses. This is the first time the company has purchased media rights directly from …
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Saving to Spend – William Hill commits to digital turnaround
Publishing its corporate trading update (17-week period 29 June to 25 October) FTSE-listed bookmaker William Hill has declared that it expects its 2016 full-year operating profits to be ‘at the top end of previous £260-280 million guidance’. Updating investors, William Hill governance detailed that it has found a potential £30 million in ‘opportunities’ for group-wide operating efficiencies which governance will …
Read More »UK Bookmakers taking no chances on Premier League 2016/17 long-odds
Having been stung by Leicester City’s fairytale Premier League 2015/16 championship win, UK bookmakers appear to have put an end to their long-odds offerings, as they gear up for a new season of English football. Ladbrokes a major victim of The Foxes’ title victory, reported that they had suffered a £3 million hit as football punters cashed-in on starter odds …
Read More »William Hill governance to present ‘strategic update’ on reversing digital decline
City analysts and industry commentators are eagerly awaiting William Hill’s half-year 2016 results on Friday 5 August, with company governance expected to present a strategic update focusing on reversing the firm’s declining digital performance. A tough 2016, which saw the operator issue a profit warning in Q1 burdened by higher industry taxes and an 11% net revenue decline in its digital …
Read More »James Henderson resigns as CEO of William Hill
William Hill has this morning announced that James Henderson has stepped down as Chief Executive Officer with immediate effect. Philip Bowcock, Chief Financial Officer of William Hill will manage corporate leadership as Interim CEO. Issuing a market update, William Hill governance stated that the search for Henderson’s replacement had been instigated. A William Hill governance veteran, James Henderson had been appointed …
Read More »William Hill appoints Philip Bowcock as CFO
A veteran in financial strategy for leisure and entertainment markets, Bowcock has held financial directorial roles at Barratt Developments, Hilton Group and Luminar Group Holdings Bowcock will be responsible for William Hill’s group financial operations for land based and online operations. Bowcock will be directly working with CEO James Henderson as the leading UK bookmaker adjusts to new market conditions, …
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