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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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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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