Tag Archives: william hill

New Malta hub to power William Hill’s ‘digital multi-market’ vision

FTSE250 bookmaker William Hill will move to a new multi-brand operating structure, focusing on delivering long-term international digital growth, led by new asset Mr Green’s Malta hub. Operating an expanded portfolio which has absorbed the brands of Mr Green, RedBet and further acquired igaming domains, William Hill has established a new Malta ‘integrated team’ leading expansions across established European and …

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Philip Bowcock – Pivotal 2018 has laid global growth foundations for William Hill

Closing a ‘pivotal 2018’ for William Hill operations, Group Chief Executive Philip Bowcock states that the firm’s reformed executive team has ‘real clarity and purpose’ on its objectives and guidance for 2019, entering a period which will define the legacy bookmaker’s future business entity. “This business has seen a lot of change over its 85-year history, but arguably, never before …

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William Hill closes year of tough calls recording £700m losses

Changing UK gambling dynamics see FTSE250 bookmaker William Hill Plc report operating losses of £721 million, closing its full-year 2018 accounts. In its end-of-year statement, the betting group accounts for combined exceptional costs totalling £922 million. These include the ‘one-off’ £880 million retail impairment charge, confirmed during Q3 2018 trading, following the UK government’s ‘Triennial Review’ judgement lowering FOBTs stakes to a …

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William Hill calls for media review as betting faces up to new advertising demands

FTSE250 bookmaker William Hill Plc is set to review its UK media planning and buying advertising account, as the betting industry faces-up to a new marketing landscape forthcoming in 2019. UK marketing news source CampaignLive has revealed that William Hill governance will call for an evaluation of the firm’s media planning and buying strategy, currently managed by long-term incumbent Vizeum UK. …

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Assessing Europe’s influence on the emerging US market

US market - Closeup of Flags of USA and European Union

Sports betting is sports betting; right? Fundamentally, yes. But where the US market and its European counterpart are concerned, it comes in slightly different flavours. Three industry experts explain… Talk of Europe’s role as a shaping presence in the US market for sports betting became something of a leitmotif to proceedings from the moment that PASPA was consigned to the …

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Bookmakers commit to Northern Ireland FOBTs reduction

Bookmakers’ Paddy Power, William Hill and Ladbrokes have confirmed to the Northern Ireland Assembly that they will voluntarily reduce wagering on fixed-odds-betting-terminals (FOBTs) to a £2 limit, mirroring upcoming retail restrictions across England, Wales and Scotland. Preparing for FOBTs restrictions enforced from 1 April 2019, the bookmakers state that they will apply the UK regulatory policy across all active retail …

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William Hill expands on digital and international exposure as it announces 900 store closures

FTSE betting group William Hill Plc continues its strategic realignment focusing on international growth and digital transformation, as the bookmaker announces the closure of 900 betting shops across the UK. The operator revealed in its full-year trading statement this week that it had suffered a 15 per cent drop in operating profits. Despite numerous 2018 setbacks, the bookmaker’s digital division …

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William Hill remodelled for strong 2019 prospects

FTSE250 bookmaker William Hill Plc has this morning published its pre-close 2018 trading statement (53-week period to 1 January 2019), detailing that results will be in-line with its previously announced ‘adjusted 2018 corporate guidance’. William Hill expects to declare operating profits of circa £234 million, in line with governance’s adjusted profit range £225-245 million, which was announced last November, as …

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William Hill appoints Robin Terrell as corporate Audit & Risk chair

FTSE bookmaker William Hill has moved to restructure its governance executive frameworks, confirming that Robin Terrell has been promoted as new chair of the firm’s corporate Audit & Risk Management Committee. Effective from 4 March 2019, Terrell will replace current Audit Chair David Lowden, who as previously announced will step down from the bookmaker’s board by March 2019. A commercial …

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William Hill US settles content lawsuit against FanDuel

William Hill US has settled its copyright infringement lawsuit against FanDuel after the competing sportsbook operator distributed a near-identical “how to bet” guide at the Meadowlands Park Racetrack. It has been reported that the money received as part of the settlement will be used to fund the development of creative writing programs at universities across New Jersey, as well as initiatives …

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