Tag Archives: Ulrik Bengtsson

SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO

SBC Magazine

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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William Hill accelerates transformation agenda to overcome COVID realities

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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Retail and online to merge for William Hill in latest shake-up

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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Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

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 reduces cashburn as focus shifts to reopenings

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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Swedish leaders warn Minister Shekarabi of channelisation consequences  

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 names new CFO and COO

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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Bengtsson accelerates international spread for William Hill

William Hill CEO Ulrik Bengtsson told investors to expect a “relentless focus on customer and product” from the bookmaker under his guidance, as he sets about accelerating the firm’s international diversification to counter regulatory pressure. William Hill’s adjusted operating profit fell 37% to £147m in 2019, ahead of the management guidance of £143m. However, the bookmaker still posted a statutory …

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William Hill and Scientific Games announce four-year extension

William Hill and Scientific Games have announced a four-year extension to its existing sportsbook platform partnership, building on a long-standing relationship that first began in 2007. A statement released by Scientific Games this morning confirmed that William Hill will continue to utilise its sportsbook platform – including betting engine OpenBet – and casino content through Open Gaming System (OGS). As …

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Ruth Prior departs as William Hill CFO

William Hill Chief Financial Officer Ruth Prior has confirmed that she will be stepping down as CFO and as a Director of the Company to return to the private equity sector, where she will join Element Materials Technology as its new CFO. Prior joined William Hill in 2017 as a member of the Board and Group Executive team. She has been lauded …

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