Tag Archives: William Hill

Evoke Q1 revenue flat on tightening UK regulation and disappointing betting activity

Evoke Q1 revenue flat on tightening UK regulation and disappointing betting activity

Evoke’s Q1 group revenue remained flat with 1% growth, as it grappled incoming regulations in the UK and a drop in betting stakes.

Publishing a trading update this morning (25 April), Evoke sets out certain key figures for its Q1 period. This covers the three months through to 31 March, with full Q1 data due at a later date.

Group revenue hit £437.2 million (€512.5 million/$581.3 million), marginally ahead of the £431.2 million posted in the same period last year.

The operator said it was impacted by new safer gambling regulatory measures in the UK and reduced sports revenues. Its UK and Ireland business saw revenue decline 1% during the period.

The group revenue fell short of Evoke’s annual growth target of between 5% and 9%, but CEO Per Widerström said the group remained upbeat on future performance.

He expects the operator to achieve its full-year growth objectives despite revenue falling below its annual growth target and only increasing 1% year-on-year during Q1.

Evoke op..

Continue Reading

Caesars upgrades William Hill Nevada mobile sportsbook

Caesars upgrades William Hill Nevada mobile sportsbook

William Hill has revealed its upgraded Nevada mobile sportsbook app.

The revamped offering sees William Hill’s mobile betting app migrate to Caesars’ proprietary Liberty platform.

Caesars has owned William Hill’s US business since September 2020, when it purchased the company in a £2.9bn deal. The operator later sold William Hill’s non-US assets to UK-facing operator 888 for £2.0bn.

Read the full story on iGB North America.

Continue Reading

William Hill named as Grand National’s official betting partner

William Hill named as Grand National’s official betting partner

William Hill has been named as the official betting partner of the Grand National in a three-year deal.

As well as being the official betting partner, the deal will see William Hill named as the sponsor of three races held at the Aintree racetrack during the Grand National.

The festival runs from 13-15 April.

The three races are the Grade 1 William Hill Aintree Hurdle on 13 April, the William Hill Handicap Hurdle on 14 April and the Grade 3 William Hill Handicap Chase on 15 April.

Non-runner, money-back

william hill will be offering bets with non-runner, money-back terms

Daryl West, William Hill’s head of sponsorship, social and PR said the company was “delighted” to be involved as the event’s official betting partner for the next three years.

“The Grand National Festival at Aintree is one of the pinnacles of the National Hunt calendar and we are delighted to be involved as the official betting partner for the next three years,” he said.

“Horseracing is a vital part of our heri..

Continue Reading

888 shareholders to vote on WIlliam Hill acquisition on 16 May

888 shareholders to vote on WIlliam Hill acquisition on 16 May

888 shareholders are set to vote on 16 May to approve the business’ acquisition of William Hill’s non-US assets from Caesars.

As the William Hill assets are larger than the current 888 business, the merger – agreed in September 2021 – is considered a reverse takeover, and so must be approved by shareholders of 888. In a prospectus to shareholders, 888’s board outlined why it backed the deal, and provided more information about both William Hill and the effect of the Gambling Act review on the combined business.

Shareholders will meet at 10:00 am on 16 May in London to consider the deal. Those who cannot attend in person may apply for a proxy vote by 11 May.

The prospectus comes less than a month after 888 and Caesars agreed to reduce the purchase price to acquire the assets by £250m (€297.9m/$315.0m), with the cash portion of the deal now set at £584.9m instead of £834.9m.

This, it said, was due to a “change in the macro-economic and regulatory environment”. Most notably, it said t..

Continue Reading