Posts Tagged ‘William Hill’

Ladbrokes buys Australian online company Betstar

Saturday, April 12th, 2014
Photo courtesy of Play Among Friends Paf on Flickr

Photo courtesy of Play Among Friends Paf on Flickr

In the battleground that is Australian online betting, Ladbrokes has made a major move by purchasing Betstar for 12.4 million pounds.

This marks the second foray into Australia for the company, which bought online company Bookmaker.com.au and launched a website in Australia last September. Ladbrokes is Britain’s second-biggest bookmaker.

Rival European bookmakers including Paddy Power and William Hill have also been expanding in Australia.

Betstar has around 40,000 registered customers and generated earnings of A$12.9 million in the year to March.

“Australia represents one of the most vibrant regulated sports betting markets in the world and today’s announcement will see us add new customers to our growing presence,” said Damian Cope, managing director of Ladbrokes’ international arm.

To read more on this story, click here.

Tags: , , , , , , , ,
Posted in Australia, business, E-mail & the internet, internet usage, online business | No Comments »

William Hill aims to cut Australian online betting brands

Wednesday, September 25th, 2013

London-based sports betting company William Hill, which acquired Australia’s TomWaterhouse.com.au recently, will scrap online betting brands Sportingbet and Centrebet from the Australian marketplace.

Photo credit; Tsutomu Takasu on Flickr

Photo credit; Tsutomu Takasu on Flickr

William Hill chief executive Ralph Topping told The Australian Financial Review that the London Stock Exchange-listed company wanted eventually to consolidate most of the businesses under the William Hill brand to take on what he described as “struggling” online operations of local companies such as Tatts Group and Tabcorp.

It would be the London group’s first move since the $40 million acquisition of Tom Waterhouse’s company.

William Hill spent $700 million establishing a presence in Australia through the purchase of TomWaterhouse.com.au and Sportingbet (which owns Centrebet) in March.

To read more about this story, click here.

Tags: , , , , , ,
Posted in Australia, business, E-mail & the internet, online business | No Comments »

William Hill buys Australia’s biggest online gambling site

Tuesday, August 13th, 2013

United Kingdom online betting giant William Hill has agreed to purchase Australian online betting firm Tom Waterhouse for at least A$34 million.

The online betting site has agreed to pay A$34 million up front and assume A$6 million in debt for tomwaterhouse.com.

It will pay up to A$70 million more on a sliding scale based on tomwaterhouse.com achieving earnings growth between A$10 million and A$30 million in 2015.

Tomwaterhouse.com was established in 2010 and is one of Australia’s fastest growing online racing and sports betting businesses.

It is a privately held company owned by managing director Tom Waterhouse and others and has around 80 employees based in Sydney, Melbourne and Darwin.

“We are pleased to have secured this acquisition,” Ralph Topping, CEO of William Hill. “International expansion is a key part of our growth strategy and making Australia our second home is a priority. Acquiring tomwaterhouse.com gives us a rapidly growing business that appeals to a complementary customer base.”

Australia has the world’s biggest gambling habit per capita.

To read more on this story, click here.

 

 

 

 

Tags: , , , , , , , , , , , , , , ,
Posted in Australia, business, Expansion to Australia, online business | No Comments »