Saturday, February 4, 2023

Tag: Gareth Davis

Political pitfalls shroud Hill’s underdog CEO

Betting Business - William Hill isoftbet
The appointment of Philip Bowock from interim to permanent CEO at William Hill has not come without its critics, nor will it be without challenges for the relatively inexperienced chief exec.   After a weary nine months of searching for a chief executive, and amidst mounting challenges for the firm, British bookmaker William Hill has settled on the controversial appointment of...

Light at end of tunnel for William Hill CEO search

William Hill Grand Parade CEO
Objection from shareholders could hamper the board once more over the company’s ongoing search for a permanent CEO, a process now believed to be drawing to a close.   Delivered in tandem with William Hill’s full year report (which saw adjusted profits come in £1.5m above its second revised-down expectation), chairman Gareth Davis said: “at the outset of the CEO process,...

William Hill buttresses boardroom to drive online alone

Betting Business William Hill
After the sudden departure of its longstanding CEO and the two failed merger attempts that followed, William Hill is breathing life into its online division with a trio of boardroom appointments.   After a tumultuous period for the biggest beast in British betting, governance at William Hill has given its top table a more digital make-over with the appointment of three...

Rank and 888 withdraw from William Hill takeover

888 William Hill Rank
Rank Group and 888 have announced the withdrawal of their proposed takeover bid for London-based bookmaker William Hill on 19 August.   Rank and 888 said in a joint statement that they would abandon a possible deal after failing to ‘meaningfully engage with the board of William Hill’. On 14 August, William Hill received a revised £3.1bn (€3.6bn) bid from the consortium,...

William Hill shoots down ‘risky’ Rank-888 bid

Betting Business, William Hill
William Hill swiftly moved to reject the £3.3 bn takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings, after the pair formally confirmed their proposal to acquire the bookmaker yesterday afternoon.   The board of the betting operator said that the offer “substantially undervalued” its corporate enterprise, branding the move “highly opportunistic.” Adding that it saw no...