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Is William Hill Exiting Australia

COULD WILL HILL CALL IT A DAY IN AUSTRALIA?
 
Finance newspaper speculates on possible buyers.
 
The Australian Financial Review published an interesting speculative article Wednesday suggesting that the Australian gambling market may no longer be attractive to William Hill Australia due to a more restrictive regulatory environment and heavy competition.
 
The article considered likely suitors should the betting giant decide to 'pack up its bat and ball and head home.'
 
The AFR does make the point that thus far there is no sign of an intention to leave, and that William Hill has reiterated its commitment to the Australian market and may even be on the lookout for more acquisitions.
 
"The UK betting giant must have dusted the best part of half a billion dollars on these shores, with the dual acquisitions of corporate bookmakers Sportingbet and Tom Waterhouse in 2012 and 2013," the AFR comments, adding:
 
"Three years later, its Australian business is going backwards on a number of important measures including net revenue and operating profit, and it finds itself in a highly competitive foreign market where gambling seems to be subject to more regulatory scrutiny than ever."
 
UK-owned Ladbrokes could also be a target following the departure of its respected CEO Dean Shannon recently, the AFR suggests.
 
The piece goes on to identify likely suitors in the event of a Will Hill retreat as Crownbet, managed by Matthew Tripp and Sportsbet, managed by Cormac Barry and owned by the Irish Paddy Power group.
 
William Hill's 190,000-strong player base represents a tempting acquisition target, the article speculates.
 
Tabcorp and Tatts have been the subject of merger rumours this year and may be preoccupied with that project.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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