Tag Archives: Roger Devlin

Apollo ends interest in William Hill buyout but observes Caesars’ developments

New York private equity fund Apollo Global Management has terminated its pursuit of a William Hill Plc buyout.   This morning, Apollo stated that it would not disclose any formal bid for William Hill to rival the £2.9 billion cash offer made by Caesars Entertainment – a deal which has been accepted and recommended to shareholders by William Hill’s board of …

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Roger Devlin: Caesars offers the best foundation for William Hill’s US multi-state growth

In accordance with City Laws, William Hill Plc has published a full breakdown and notice of deal procedures related to its agreed £2.7 billion takeover offer by US Nasdaq gambling group Caesars Entertainment Inc.  Approved by William Hill’s board of directors, Caesars £2.7 billion offer will be presented to investors of the FTSE betting group on 17 November for its …

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Caesars reaches agreement on William Hill takeover

Caesars Entertainment has confirmed that it has reached an agreement with William Hill which will see the US operator complete a £2.9 billion acquisition of the UK bookmaker. The acquisition, which awaits the approval of anti-trust and regulatory bodies, will support William Hill’s ongoing expansion into the US market by creating ‘one of the largest gaming-entertainment companies’ in the market. …

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William Hill secures £224m bookbuild in less than 24-hours  

William Hill Plc has achieved its bookbuild funding target, raising £224 million in working capital for its future growth strategy, maintaining its digital growth momentum, and accelerating its US wagering partnerships. Closing trading on Tuesday 17 June, William Hill announced that it had sanctioned a new share placement for 19.99% of the firm’s existing share capital. In less than 24-hours, William …

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Adrian Marsh u-turns on joining William Hill as CFO

William Hill has confirmed that it will recommence the executive search for its Group Chief Financial Officer (CFO) after Adrian Marsh revealed his intentions to remain with his current employer. Marsh, who intended to join William Hill’s executive team during Q1 2020, informed the operator that he would remain as Group Finance Director of international packaging business DS Smith. In …

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William Hill appoints ‘risk expert’ Jane Hanson as corporate advisor

FTSE bookmaker William Hill Plc has moved to strengthen its governance and corporate advisory confirming the appointment of Jane Hanson as a new Independent Non-Executive Director. An expert in risk management and corporate governance strategies for ‘highly regulated industries’, Hanson will join William Hill’s board on 1 July 2019, becoming a member of the FTSE firm’s nomination and audit committees. A …

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Retail pro Lynne Weedall joins William Hill advisory

FTSE betting group William Hill Plc has moved to strengthen its corporate governance advisory, confirming the appointment of Lynne Weedall as a new Independent Non-Executive Director. A figurehead in UK retail and leisure, Weedall is an expert in human resources and corporate transformation strategies for large scale enterprises. During her thirty-year executive career, Weedall has led HR and group operations …

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William Hill gains vital US knowledge via Gordon Wilson hiring

William Hill have announced a further strengthening of its US approach, with Gordon Wilson to take up a position on the firm’s board of directors, as an independent non-executive director, from January 2 next year. The current President and CEO of Travelport Worldwide, Wilson is to become a member of the board’s corporate responsibility and nomination committees upon joining. Roger …

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May Day! Industry braces itself for incoming FOBTs £2 cut

The betting industry’s regulatory agenda has reached a speculative overdrive, as concerns grow as to how and when the UK government will move to implement its anticipated £2 cut on FOBTs machine wagering levels. The polemic subject matter of FOBTs wagering has seen contrasting news stories published this weekend by multiple sources, each specifying potential different outcomes to the government’s long-awaited …

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New look William Hill leadership confident of delivering successful ‘next chapter’

William Hill’s new leadership team is confident of delivering the FTSE bookmaker’s ‘next chapter’ having closed a group-wide transformative 2017. The bookmaker’s £238 million impairment charge on the value of its Australian business, dominated industry headlines last week, as William Hill Chief Executive Philip Bowcock presented full-year 2017 results. Despite the Australian downturn, Bowcock details to investors that William Hill has undertaken …

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