It’s not just the falling stock price that is presumably motivating Parvus to look to for a sale of William Hill. In addition to the less-than-favorable earnings, UBS, a financial services company, warned investors earlier this year that a regulatory clampdown could be on the way.<\/p>\n
In giving William Hill a “sell” rating, UBS cited concerns that some members of the British Parliament want to reduce the betting maximum on fixed odds from \u00a3100 to \u00a310 ($125 to $12.50). Should that happen, UBS estimates that William Hill could stand to see its bottom line shrink by as much as 74 percent.<\/p>\n
Regardless, William Hill’s leadership team remains optimistic and focused on the future.<\/p>\n
\n“With key underlying trends continuing to be positive, the recent run of sporting results have not changed our confidence in a better performance in 2017,” William Hill Interim CEO Philip Bowcock said in a press release.<\/p>\n<\/blockquote>\n
Should William Hill eventually agree to a merger or buyout, the company would follow in the footsteps of a laundry list of gaming heavyweights to realign over the last 12 months.<\/p>\n
A year ago this month, GVC purchased bwin.party, and Paddy Power merged with Betfair. And last October, Aussie companies Tabcorp and Tatts joined to create an $11 billion organization.<\/p>\n","protected":false},"excerpt":{"rendered":"
William Hill is once again at the center of merger talks, but this time the company’s largest shareholder wants it to be the target of a takeover. Parvus Asset Management, a London-based hedge fund that controls 14.3 percent of the UK bookmaking and gambling company, is reportedly pushing William Hill to accept a qualified takeover. […]<\/p>\n","protected":false},"author":42,"featured_media":45102,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,1074],"tags":[],"acf":[],"yoast_head":"\n
William Hill's Largest Shareholder Demands Sale of Gambling Company<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n