The board of Raketech Plc has confirmed that it will propose the nominations of Clare Boynton and Pierre Cadena to be elected as new board members at the firm’s annual General Meeting on 17 May. The nominations have been submitted, as Raketech announces that current board members Annika Billberg and Fredrik Svederman have chosen not to stand for re-election. Based …
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William Hill has confirmed that Patrick Jonker has departed the company, having chosen to end his tenure as International Managing Director of the heritage betting group. Jonker departs on mutual terms as William Hill’s UK and European units are due to be merged with 888 Holdings – completing the £2.2 billion divestment agreed by Caesars Entertainment and 888 last month. …
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888 Holdings CEO Itai Pazner has confirmed the ‘hugely exciting acquisition of William Hill’s non-US business from Caesars Entertainment for £2.2bn. The deal, news of which broke earlier this week, is expected to deliver ‘significant operating efficiencies’, including pre-tax cost synergies of at least £100 million per year, which 888 says will lead to improved profit margins. On a pro …
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The ‘Fakta om Spel’ (Facts about Gambling) website has been launched by four of Sweden’s largest operators, with the aim of increasing awareness of the country’s gambling market. First announced last month and developed in cooperation with BOS, the Swedish Trade Association for Online Gambling, the new website has the backing of Betsson, Kindred Group, LeoVegas and William Hill. Fakta …
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William Hill has confirmed the inbound appointment of Eric Hageman as new Group Chief Financial Officer (CFO), effective from 7 June 2021. Hageman is set to replace outgoing incumbent Matt Ashley, who confirmed his decision to leave the heritage betting group this month, joining corporate IT support services provider Micro Focus Plc as its new financial lead. An expert in …
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Raketech has reported strong growth across all core metrics for Q1 2021, recording an annual growth rate of 27% with market success in the US and Japan identified as key driving factors. Overall group revenues reached €8.3 million (Q1 2020: €6.5 million), whilst earnings derived from sports increased to 17% of group trading – representing an annual increase of 27%. …
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“We need to be able to look ourselves in the eye and say we did everything we could,” explained William Hill CEO Ulrik Bengtsson, as he contemplated the importance of social responsibility and player protection across the betting and gaming industry. This exclusive interview with Bengtsson opens the second edition of SBC Leaders for 2021, where he shares his views …
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William Hill Group CEO Ulrik Bengtsson has warned UK lawmakers that they should be very wary not to open up the door to black market operators as the 2005 Gambling Act review kicks into its next gear. The deadline for submissions to the DCMS consultation on the gambling laws is today, and Bengtsson is hopeful that those behind the review …
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William Hill Plc has reported a strong Q4 trading period after closing a transformative year for the heritage FTSE betting group. Updating investors, William Hill reported that group net revenues during Q4 increased by 9%, driven by a strong sportsbook comeback and the firm’s enhanced product offering and geographical expansion. Positive Q4 trading has helped William Hill soften 2020 Covid …
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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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