The Sunday Times has this weekend reported that London hedge fund Parvus Asset Management (Parvus) is lobbying for a 2017 sale of William Hill. Headed up by Danish financier Mads Eg Gensmann, Parvus is currently William Hill’s biggest investor with a 14% shareholding. The Sunday Times reports that Gensmann has been pushing William Hill governance for number months on the …
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A tough December has seen FTSE 250 operator William Hill Plc issue a second profit warning for its full-year 2016 guidance following a set of ‘customer friendly’ results in its football and racing markets. Publishing a trading update, William Hill governance detailed to investors that closing its full-year 2016 performance, the firm’s earning guidance would be ‘at the bottom end’ …
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William Hill governance has promoted Group Director of Change Cem Miralay to the leadership position of Chief Customer Officer (CCO) of the FTSE-listed sports betting operator. Miralay joined William Hill this May from European market competitor Betsson AB where he served as Chief Product Officer (2013 – 2016). The promotion to CCO sees Miralay take on certain responsibilities of the …
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The governances of William Hill Plc and Amaya Inc have confirmed that they have entered talks discussing a potential ‘all-stock merger of equals’, with a view of creating a global gambling powerhouse. Reacting to press speculation on late Friday, the governances of FTSE-listed William Hill and Toronto TSX-listed Amaya disclosed that initial merger talks had begun. Amaya the operating company …
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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 …
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Detailing further insight as to why James Henderson was ousted as Chief Executive of William Hill, Gareth Davis Chairman of the company stated that digital performance had not met board expectations. Speaking to UK business news sources, Davis detailed that William Hill’s in-house led development strategy for its mobile and digital platforms (Project Trafalgar) had met several difficulties which had …
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The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …
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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 …
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Crispin Nieboer, MD of William Hill Online, has confirmed his top team and set the key priorities for the business as it begins its next phase of development. CEO James Henderson confirmed Nieboer’s appointment as MD in May, a role he had held on an interim basis since January. Prior to joining William Hill as Director of Corporate Development in …
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William Hill’s 2016 woes continue as the operator reported a 3% decline in group net revenues for its unaudited 17 week trading update (period ending 26 April). A rough start to 2016, had seen the FTSE-listed operator revise its year financial guidance following a miserable week at Cheltenham 2016. Today William Hill governance stated that 2016 expectations remained at a …
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