William Hill profits slump as betting giant takes pandemic hit March 4, 2021 British bookmaker William Hill, currently in the process of being acquired by Caesars Entertainment, posted a steep fall in profit last year. Its adjusted pre-tax profit fell 91 percent to £9.1m in 2020. The firm saw net revenue fall by 16 per cent as the pandemic disrupted live sporting events and shut its betting shops. [...]
Covid drives £30m loss at William Hill betting shops January 13, 2021 William Hill suffered a £30m loss in its retail business in 2020, with all 1,414 of its shops affected by coronavirus restrictions. When open and trading without restrictions the retail side of the betting business traded well, and at the end of the third quarter it was on course to break even for the year. [...]
Private equity circles William Hill’s European arm November 8, 2020 Buyout firms are once again circling William Hill, this time for its European operations following a deal with American firm Caesars Entertainment. In late September William Hill said it had given Caesars Entertainment the green light for a £2.9bn deal, which will be put to a shareholder vote on 19 November. Once shareholders have approved [...]
Betfred owner denies rival bid for William Hill October 4, 2020 Betfred co-founder Fred Done has pushed back against reports that he will make a rival bid for William Hill, which has already given the green light to a £2.9bn deal with Las Vegas casino owner Caesars Entertainment. Done, who is William Hill’s second-biggest investor, was weighing up “all options” this weekend, the Sunday Telegraph reported. [...]
William Hill and Caesars Entertainment seal £2.9bn takeover deal September 30, 2020 William Hill today said it has given the green light to be acquired by Caesars Entertainment, in a £2.9bn deal that would hand the US casino giant a huge boost in America’s rapidly expanding sports betting industry. “The William Hill board believes this is the best option for William Hill at an attractive price for [...]
September 28, 2020 US casino giant Caesars Entertainment has confirmed it is in “advanced discussions” over a £2.9bn takeover deal of UK betting firm William Hill. Caesars has put forward a cash offer of 272p per share for the British bookmaker, which is 25 per cent higher than the company’s trading price last Thursday and a 57.6 per [...]
William Hill shares surge as it confirms takeover proposals September 25, 2020 Shares in William Hill surged in afternoon trading after the betting giant confirmed it had been approached by two suitors over a potential takeover. In a statement the bookmaker said it had received separate cash proposals from buyout firm Apollo Global Management and casino operator Caesars Entertainment. William Hill said it received an initial proposal [...]
William Hill to close 119 betting shops as profit plunges August 5, 2020 William Hill will permanently close 119 betting shops due a drop in retail footfall, the gambling firm said this morning as it revealed that profit plunged in the first half of the year. The figures William Hill posted an adjusted loss after tax of £11.1m, after reporting an £81.9m impairment charge following an assessment of [...]
William Hill beats profit expectations but warns of £10m hit from credit card ban February 26, 2020 William Hill managed to beat its own expectations on full year profit today after the government rolled out a £2m betting limit, but warned of a possible £10m hit from an impending credit card ban. The figures William Hill’s adjusted operating profit fell 37 per cent year on year to £147m, ahead of management guidance [...]
William Hill boosts US reach as it strikes media deal with CBS Sports February 11, 2020 Betting firm William Hill today confirmed it has struck a deal with CBS Sports as it ploughs ahead with its US expansion plan. The deal means the British bookmaker will be the exclusive provider of betting odds across CBS Sports’ digital platforms. The tie-up will kick off in March, with a full rollout planned for [...]