Tag Archives: William Hill plc

Activists move on William Hill’s strong US prospects

New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …

Read More »

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, …

Read More »

SportCaller and William Hill launch free-to-play Football21

SportCaller, the free-to-play sports game specialist, has struck a deal with William Hill to deliver a new game, Football21, in a move the operator hopes will optimise its customer base. Football21 is a weekly free-to-enter competition which asks players to compete for a £10,000 prize pot every weekend by selecting teams whose combined goal-count adds up to 21. The rules …

Read More »

Winning Post – Concern rises over blame game as regulator aims to clean up ICE

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. It is likely that this year’s ICE will be chiefly remembered for the Gambling Commission’s attacks on the use of promotional girls at the expo – and follow-up …

Read More »

On track William Hill set to deliver £40 million in group 2017 savings

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

Read More »

Saving to Spend – William Hill commits to digital turnaround

Publishing its corporate trading update (17-week period 29 June to 25 October) FTSE-listed bookmaker William Hill has declared that it expects its 2016 full-year operating profits to be ‘at the top end of previous £260-280 million guidance’. Updating investors, William Hill governance detailed that it has found a potential £30 million in ‘opportunities’ for group-wide operating efficiencies which governance will …

Read More »

William Hill implements ‘technology first’ strategy following tough 2015

Presenting its full year 2015 corporate results this morning (52-week period ending 29 December), William Hill governance detailed that the company had paid circa £87 million in additional UK gambling duties. The hefty tax charge would impact the FTSE listed betting operator’s top-line metric performance, with William Hill announcing FY 2015 operating profit slump of 22% to £291 million (FY …

Read More »

Kristof Fahy joins Ladbrokes as CMO

Ladbrokes is pleased to announce that Kristof Fahy has today joined the company as Chief Marketing Officer, leading on all brand and marketing activity across the Ladbrokes’ Digital and Retail offer. Kristof Fahy said: “I’m delighted to arrive at Ladbrokes at such an exciting time for the company. Ladbrokes has an extremely strong brand and I’m looking forward to building upon that strength with our …

Read More »

William Hill declares record operating profits in 2014

Reporting on its 2014 full year results, William Hill was able to declare a record operating profit of £372 million up 11% on FY 2013 £335 million. William Hill governance stated that its strong 2014 performance had driven by its continued product diversification, which had seen 40% of revenues generated from its digital channels. Key 2014 sporting events such as …

Read More »

888 ends William Hill takeover talks

Israeli igaming operator 888 Holdings has revealed that it has ended takeover discussions with William Hill Plc. The operator stated that the negotiations had been terminated due to significant differences in value and pricing as William Hill offered 888 Plc 200 pence per share. 888’s shares jumped more than 20% last Friday after it said it had received a takeover …

Read More »