William Hill has stated that it is tracking ‘solid progress across all divisions’, as the FTSE betting group returns all operating units to robust trading during a transformative Q3 period. Publishing its Q3 trading update for the 13 week period to 29 September 2020, William Hill noted an ‘encouraging’ performance across all verticals, particularly highlighting growth across its ‘online international’ …
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Betfred founder Fred Done is reported to be eyeing a swoop of William Hill’s UK retail estates at a discount price, as rumours circulate as to how Caesars Entertainment will reshape the company, following this morning’s approval of its £2.9 billion takeover offer. Done has been branded as the big winner of the Caesars deal, having built a 6% stake …
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William Hill has issued a statement clarifying media speculation, as city rumours intensify that the FTSE betting group is subject to an imminent US takeover. The board of William Hill has this afternoon confirmed that it has received ‘separate cash proposals’ from US private equity fund Apollo Global Management and its current US markets strategic partner Caesars Entertainment. William Hill …
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We check in on the international expansion journey for the rebranded Kaizen Gaming, formerly Stoiximan/Betano, to kick off Issue 10 of SBC Magazine. Now present in six countries, and with a strong footprint in Europe, CEO George Daskalakis expands on the company’s symbolic name change, before assessing new opportunities in Latin America (LatAm) and sharing his disappointment over Germany’s failure …
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A year-on from implementing its corporate transformation programme, William Hill Plc has praised the execution of its new strategy which has helped the company navigate Covid complexities and further industry headwinds. Publishing its half-year results for the six months ended 30 June 2020, the COVID-19 disruptions to live sport were a key factor in the 32% decline in net revenues, …
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William Hill has revealed that its UK online and retail divisions are due to merge in a move which will see the operator fast-track its recovery in 2021. Reported by the Racing Post, the firm’s UK online managing director Phil Walker will take responsibility for the single UK market division, while retail division director Nicola Frampton will step down. Both …
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A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …
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William Hill has reduced its ‘cashburn’ and further restructured terms on its debt bonds, as the company secures full financial flexibility navigating COVID-19 headwinds. Publishing both a Q1 trading update for the unaudited 17 weeks to 28 April 2020 as well as a COVID-19 update, William Hill revealed that retail closures, a drop in sports betting markets and international coronavirus …
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CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …
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William Hill has strengthened its senior leadership team after confirming the appointment of Matt Ashley as the new Chief Financial Officer (CFO) designate, and Stephen Parry as inbound Chief Operating Officer (COO). Ashley is due to join the company and be appointed as an Executive Director to the William Hill Board on 6 April 2020, and will take over from …
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