On 7 January 2019, William Hill received regulatory approval to conclude its purchase of Mr Green for £242 million. William Hill was ordered to return the £1.2 million profit, plus pay a penalty of £5 million for breaching regulations. The operator was found to have accepted large deposits of cash linked to criminal activity between 20, resulting in £1.2 million in financial gains. In 2018, William Hill was fined £6.2 million by the Gambling Commission for systematic failures regarding anti-money laundering and problem gambling. On 2 August 2016, it acquired Grand Parade, the betting and gaming digital solutions company for £13.6 million in cash and shares. In May 2015, William Hill presented prototype of "Get In The Race" – a virtual horse racing application. In 2013, William Hill paid £424 million ($643 million) for full control of its online business marking an accelerated expansion and resulted in the dissolution of the partnership with Playtech. In June 2009 William Hill backed Playtech despite their partner having a quarter of its stock market value wiped out following a profits warning. The company wrote-off a reported £26m when scrapping their previous in-house system. Playtech took a 29% stake in the new William Hill Online entity. These included several online casino sites which William Hill continues to run under the name WHG. Under the terms of the deal, William Hill paid Playtech's founder Teddy Sagi £144.5 million for various assets and affiliate companies. Howarth left the role in the wake of the 2009 expenses scandal. While on William Hill's payroll he tabled amendments to the 2003 budget proposing tougher levels of taxation for person-to-person betting exchanges. įrom 2001 until 2009, William Hill paid George Howarth, a Member of Parliament, £30,000 to act as a Parliamentary advisor. In 2009, the company enacted both a rights issue and a corporate bond issue, in an effort to restructure its debt. The same month, analysts at UBS noted "concern" at the company's level of debt, which stood at over £1 billion and was later reported as £1.5 billion. In November 2008, William Hill went into partnership with Orbis (latterly OpenBet), and Israeli software company Playtech, to remedy its own failing online operation. The Office of Fair Trading made William Hill sell 78 of the 624 Stanley shops due to concerns over anti-competitive practices. In 2005, William Hill bought 624 betting offices in the UK, Republic of Ireland, Isle of Man and Jersey from Stanley Leisure for £504 million: the acquisition briefly took the company past Ladbrokes into first position in the UK betting market in terms of shops but not revenue. In June 2004, Chief Executive David Harding sold £5.2m of shares to fund his divorce, precipitating a decline in the company's stock that wiped £75 million off the value of the company. It acquired Sunderland Greyhound Stadium in 2002 and Newcastle Greyhound Stadium in 2003. The following year Chief Executive David Harding was awarded a £2.84m bonus, making him the UK's fifth highest paid company director in 2003. The company was eventually listed on the London Stock Exchange in 2002. In February 1999, a proposed stock market flotation was abandoned due to "weak interest" and Nomura sold the company to funds managed by private equity firms Cinven and CVC Capital Partners for £825m instead. Japanese investment bank Nomura mounted a £700m leveraged buyout of William Hill in 1997. In September 1996, Brent Walker recouped £117m of the £685m it had paid for William Hill when Grand Metropolitan were found to have exaggerated the company's profits at the time of the sale. It changed hands many times, being acquired by Sears Holdings in 1971, then by Grand Metropolitan in 1988, then by Brent Walker in 1989. Take a look at our Betting Tips to make an even more informed wager – and get added value from both our platform and the various competitions themselves.The company was founded by William Hill in 1934. An overview of all the biggest tournaments, leagues and events, before the action kicks-off.Dedicated sections for posts on your favourite sports, including football, horse racing, boxing, cricket and tennis.A regular stream of news, and team/player updates.Not only can you bet on your favourite game or race with us, but our platform is especially designed to be a one-stop-shop for all your online odds, tips, help and info.Ĭheck out a host of fascinating articles on the 888Sport blog, where you’ll find: There is always something to play for at 888sport, so why not browse our sportsbook and bet online at your convenience? Online Betting Tips Promotions around events and key attractions throughout the year.A £30 welcome bonus on your first bet of £10 or more.We pride ourselves on being one of the leading online UK betting sites, providing our valued customers with a range of premium betting promotions.
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