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Tom Waterhouse Sells To WIlliam Hill
Friday August 9,2013 : WILLIAM HILL ACQUISITION OF AUSSIE ONLINE BOOKIE COMPANY CONFIRMED (Update)
Tom Waterhouse has sold his online betting business for A$34 million and earnouts.
The Australian business press is reporting that bookmaker Tom Waterhouse has sold his online betting business to British gaming company William Hill for A$34 million, plus an earn-out agreement that could see him ultimately receive up to A$100 million.
The price includes the assumption of around A$6 million in debts and up to A$70 million more on a sliding scale based on tomwaterhouse.com achieving earnings growth between A$10 million and A$30 million in 2015.
Waterhouse will remain as managing director of the business.
The takeover adds to William Hill's Centrebet business in Australia and follows its acquisition of Sportingbet plc's Australian interests for A$670 million earlier this year.
Chief executive Ralph Topping said William Hill had set its sights on becoming Australia's biggest online bookmaker.
"The Sportingbet acquisition gave us a strong and proven platform with an experienced management team," he said Friday. "Acquiring tomwaterhouse.com
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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