Tag Archives: william hill

The Gambling Commission has found “systemic” failings within the AML and social responsibility processes of WHG (International) Limited (that trades as William Hill Online). Those failings resulted in it repeatedly, over a 21 month period between 2014 and 2016, breaching (a) its licence condition requiring compliance with the Money Laundering Regulations 2007 and (b) LCCP social responsibility code provision 3.4.1 (customer interaction) in its dealings …

UK bookmaker William Hill has secured an agreement with the Arena Racing Company (ARC) and Doncaster Racecourse, to strengthen its sponsorship arrangements with the Yorkshire track. William Hill’s involvement marks an extension of their connection with Doncaster, with the firm announced as sponsors of the two day Grimthorpe Chase meeting, which is set to take place on Saturday 3 and Sunday 4 …

The William Hill Group (WHG) is to pay a £6.2m penalty package for “systemic social responsibility and money laundering failures.” A near two year Gambling Commission (UKGC) investigation, undertaken between November 2014 and August 2016, found that senior management failed to mitigate risks, with a sufficient number of staff members not on hand to ensure anti-money laundering (AML) and social responsibility processes were …

Opening the ‘Playtech Academy’ at ICE 2018, Group Chief Executive Mor Weizer details that company leadership is unfazed by the radically changing regulatory landscape impacting all industry stakeholders. Leading Playtech Plc since 2007, Weizer states that his firm’s services and operations have helped tier1 clients overcome all previous regulatory challenges, 2018 is therefore no new phenomenon for the FTSE technology supplier. …

Operators will need to take ‘immediate steps’ to comply with consumer protection law or face enforcement action, after a joint investigation between the Competition and Markets Authority (CMA) and the Gambling Commission into bonus promotions. The CMA report states gambling firms must “stop unfair online promotions that trap players’ money,” with changes now having to be adopted across the sector. Three operators have …

The degree to which the fortunes of the Stars Group and William Hill have diverged since their failed merger talks 18 months ago provides an interesting counterpoint to the current obsession with sector M&A. A recent note on Stars published by the Canadian analyst team at Canaccord Genuity noted that the company’s share price rose 54 percent in 2017, placing …

Ladbrokes Coral Chief Executive Jim Mullen has emphasised that cutting the stakes of fixed odds betting terminals (FOBTs) will not only have negative economic implications, but will also “fail to adequately address any issue of problem gambling”. Mullen was responding to a report in the Sunday Times, which claimed newly appointed culture secretary Matt Hancock is in favour of delivering a …

India-based research group ReportsnReports.com has documented a new study on the rise of the global sports betting industry, with the research forecasting growth at a compound annual growth rate (CAGR) of 8.62% over the next four years. The report, entitled Global Sports Betting Market 2018-2022, argues that the major driver of this market growth is the sports industry’s digital revolution. …

Football DataCo has announced that is has signed a duo of operators to long term data usage license agreements.. Ladbrokes Coral and Kindred Group join a growing list of licensed betting operators, which includes bet365, Betfred, GVC, Paddy Power Betfair, Skybet and William Hill. Through these new long term agreements, operators will be utilising match day data for the entire …

FTSE bookmaker William Hill has this morning confirmed, that it is undertaking a strategic review of its Australian business, following new government regulations on credit betting and the likely introduction of further state taxes imposed on betting firms. Presenting its ‘unaudited 52-week trading statement’ (period ending 26 December), William Hill governance detailed strong 2017 progress, with the company expected to …