Tag Archives: william Hill australia

How Waterhouse VC is helping businesses ‘dominate their niche’

Our typical investment is “not well-understood” by most people, said Waterhouse VC Chief Investment Officer Tom Waterhouse, who outlined how his fund invests in businesses solving key problems for both the operator and the customer. He told SBC Americas why the fund is looking at high-growth opportunities in very specific areas, including companies within the emerging Metaverse space and those …

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PokerStars adjustments stunt Stars Group Q1 2019 opening

Publishing its Q1 2019 trading statement (period ending 31 March), Toronto TSX-listed The Stars Group Inc details strong progress on its global objectives as an enlarged enterprise. Absorbing the assets of Sky Bet UK and BetEasy Australia, the Stars Group records Q1 2019 corporate revenues of $580 million (Q12018: $392m). “During the quarter, we delivered on key components of our …

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William Hill notes ‘solid progress’ despite booking + £900 million FOBTs adjustment

FTSE bookmaker William Hill will settle exceptional charges and adjustments of £916 million, including a ‘£882 million non-cash impairment’ for its Retail division, as governance adjusts to the UK government’s Triennial Judgement reducing wagers on FOBTs machines to £2. Publishing its half-year 2018 results (26 weeks ending 27 June), William Hill governance has pre-booked corporate losses of £916 million, which …

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Tripp rebirths ‘BetEasy’ for CrownBet and William Hill Australia merger

The merger of CrownBet and William Hill Australia, formed under the majority ownership of Toronto TSX-listed The Stars Group Inc has led to the upcoming relaunch of ‘BetEasy’. Under the leadership of Australian industry veteran Matt Tripp, BetEasy will seek to become the leading player in the much-changed Australian online betting sector. Tripp had previously operated legacy online betting brand …

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Amelco secures BetStars platform renewal

Sports betting software and market trading services provider Amelco, has this morning confirmed that it has renewed its lead sportsbook supplier contract with The Stars Group Inc subsidiary BetStars. Updating the market, London-based Amelco will continue to act as lead platform technology provider for BetStars, a partnership that it has serviced since the brand’s launch in 2015. Issuing a short …

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The Stars Group shows commercial muscle ahead of monster enlargement

Toronto TSX-listed The Stars Group Inc, has today published its Q1 2018 trading update (period ending 31 March), detailing strong corporate progress as the firm prepares for a significant enlargement of its operations, products/services, and overall business entity. The TSX enterprise reports growth across its core corporate metrics and KPIs, recording period group revenues of $393 million, up 23% on …

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Crownbet & Paddy Power Betfair in duel for William Hill Australia

The Australian Financial Review has revealed that CrownBet and Paddy Power Betfair subsidiary Sportsbet.com.au are the two suitors bidding for William Hill Australia. Both operators are reported to have confirmed their interest this week in pursuing William Hill’s troubled Australian business division and will be allowed to perform due diligence on the asset to prepare their formal bids. The update, …

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February Pains… European giants prepare for Australia rethink

February 2018 will be a landmark month for all industry stakeholders. The sector’s current agenda and context is dominated by the pending UK government’s judgement on industry FOBTs wagering and advertising standards. Nevertheless, it would be wise for all betting stakeholders to broaden their anxieties, as Australia moves to implement its ‘credit betting ban’ this 17 February, serving industry leadership …

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Tough regulatory terrain sees William Hill review Australia business

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 …

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