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William Hill Gets Nevada Sports Betting License
Friday June 22, 2012 : WILLIAM HILL PLC SECURES NEVADA SPORTS BETTING LICENCE (Update)
British gambling group has a three-company foothold in the USA
Thursday's meeting of the Nevada Gaming Commission approved a traditional sports betting licence for William Hill plc, a British company that acquired three US gambling enterprises earlier this year in a $55 million investment in the US market .
Company spokesmen said the award was notable because it made William Hill the first British betting service to run a sports book in the state, offering sports betting on mobile devices to bettors in Nevada, and positioning the company strongly should legal restrictions on U.S. online gambling be lifted.
"Mobile gaming is the fastest growing part of our business, and this adds a new dimension for us," William Hill chief executive Ralph Topping told the Reuters news agency, revealing that just two years ago his company was taking in $1.5 million a week from mobile gamblers in the United Kingdom. Today, it handles $25 million a week.
Topping outlined his thinking on Nevada licensing, saying: "You’re better off having a presence in Nevada. Most people say it’s the platinum process you have to go through. You’re ready for anything that happens elsewhere in the U.S.”
The award of the licence this week fulfills requirements attached to Hills’ acquisition of three US companies, with the deal conditional on the British company obtaining a Nevada licence. One of the acquisitions, Brandywine Bookmaking, operates 17 sports books in Nevada and also runs the Delaware Sports Lottery with partner companies.
Topping said that his company intends to make more acquisitions, and has been approached by a number of American companies.
Reuters notes that online gambling provided 28 percent of William Hill's $1.7 billion revenues last year, according to company filings.
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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