William Hill PLC William Hill Completes Sportingbet Acquisition (3739A)
19 Março 2013 - 12:16PM
UK Regulatory
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RNS Number : 3739A
William Hill PLC
19 March 2013
WILLIAM HILL COMPLETES sportingbet ACQUISITION
19 March 2013
William Hill PLC (LSE: WMH) (William Hill or the Group), the
UK's largest bookmaker, announces that it has, today, completed the
acquisition of Sportingbet's Australian business and has been
granted a call option over Sportingbet's locally licensed Spanish
business for a total cash consideration of GBP459.4m.
The acquisition was made as part of a recommended offer for
Sportingbet by William Hill and GVC Holdings plc (GVC). It is in
line with the Group's strategy to develop its online business, to
increase its exposure to attractive markets by taking local
licences and to diversify its revenues by geography.
Ralph Topping, Chief Executive of William Hill, said:
"This acquisition is part of our core strategy to expand
selectively into international markets and to grow online revenues.
Australia is one of the largest licensed betting markets in the
world where, up until now, William Hill has not had a footprint. We
have particular skills in those areas of the Australian market that
are demonstrating strong structural growth: online, mobile, fixed
odds betting and sports betting. The Australian business offers us
a well-recognised brand, an experienced team and a market-leading
position in a highly competitive market. We look forward to working
with our new colleagues to use the capabilities of both businesses
to maximise that position."
In February 2013, William Hill received confirmation from the
Northern Territories Commission and the Australian Foreign
Investment Review Board that they had granted their respective
approvals of the Group's ownership of Sportingbet's Australian
business.
-ends-
Enquiries
William Hill PLC
Ralph Topping, Chief Executive
Neil Cooper, Group Finance Director
Lyndsay Wright, Director of IR
Tel: +44 (0) 20 8918 3614
Brunswick Group
Simon Sporborg / Sophie Brand / Oliver Hughes
Tel: +44 (0) 20 7404 5959
About William Hill
William Hill, The Home of Betting, is one of the world's leading
listed betting and gaming companies, employing more than 17,000
people. Founded in 1934, it is now the UK's largest bookmaker with
more than 2,390 licensed betting offices (LBOs) that provide
betting opportunities on a wide range of sporting and non-sporting
events, gaming on machines and numbers-based products. William Hill
Online (www.williamhill.com) is one of Europe's leading online
betting and gaming businesses, providing customers with the
opportunity to access William Hill's products online, through their
mobile, by telephone and by text services. William Hill PLC
(www.williamhillplc.com) is listed on the London Stock Exchange and
generates revenues of over GBP1.2bn a year.
About Sportingbet in Australia
The Sportingbet business (www.sportingbet.com.au) is one of the
leading online corporate bookmakers in Australia. It is based in
Darwin and Sydney, operating under a licence provided by the
Northern Territory Government with approximately 210 employees. The
business offers sports betting products via online, mobile and
telephone channels.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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