SIGN UP LOG IN
 

William Hill: Layoffs in England and start in the USA

Published by

July 26, 2019 7:21 pm

William Hill: Layoffs in England and start in the USA

William Hill is a bookmaker and recently online casino with 85 years of experience. But there is cause for concern in the UK at the moment.

Finally, a law has been passed, which makes betting terminals less attractive. The result is shop closures. Many employees lose their jobs as a result. While the company in England could slide into a small crisis, William Hill in the United States wants to get off to a good start. Legal sports betting is now permitted there.

The British betting provider has already entered into a partnership with the Eldorado Resorts. This is cooperation at the Iowa location. But while the partnership has been in place since 2018, progress has been slow. However, this is not due to the entrepreneurs, but to the gambling authority in the state. Although the law has long since been passed, it still has to be finalized on paper.

William Hill in Great Britain: 4,500 employees before dismissal

Those who are currently working for William Hill in Great Britain are certainly worried about their job. Because 700 betting offices are expected to close their doors on site. As a result, up to 4,500 employees could lose their jobs. For the bookmaker, one-third of his stationary shops would be closed. But why is this massive reduction being driven forward? The main reason is the law of the British government against the betting terminals.

Currently, only four vending machines may be installed per branch. But with this alone, the gross turnover is GBP 1.8 billion a year. But there has been a change in the law. While previously stakes of up to 100 GBP (approx. 112 euros) were possible, 2 GBP can now still be risked per round.

For the stationary betting providers, the law was a small catastrophe. Because overnight, they lost an important source of income. William Hill has explained that since April there has been a significant decline in income from slot machines. Retail sales accounted for over 50 per cent of bookmakers’ sales. The company predicted that 900 betting stations would have to close according to case law.

There are now 700 closures, undercutting the forecast. But with this measure, 35 per cent of the retail workforce is still threatened with dismissal. This has shown the company that it is highly dependent on Great Britain. This makes the commitment to the international stage all the more important. The bookmaker can already be reached online. We have addressed this in our William Hill Test.

Not only William Hill was affected: Other betting providers active in the United Kingdom (UK), such as Betfred, are also struggling with a decline in revenues from fixed-odds betting terminals (FOBTs).

William Hill and his strategy: Mr Green and the USA

William Hill’s leadership had to work out a plan. On the one hand, the commitment of the Mr Green Group was strengthened. It is 100 per cent owned by William Hill. So there was an increase of 242 million pounds. The goal is to push the expansion in the World Wide Web. RedBet also belongs to the group. After all, these companies are licensed in seven countries. Thus William Hill can attain a larger range, than only on its core market, Great Britain. But probably the greatest hope rests on the United States of America. Sports betting is now permitted there. Only the implementation is sluggish.

The formulation of the company’s goals remains ambitious. The company plans to double its profits by 2023. But for this to happen, the USA must lead the way. Companies that are active locally could make a name for themselves there, especially at the start. William Hill has been active in America since 2012. At that time, three small bookmakers from Nevada were purchased for 49 million euros.

The British bookmaker was already the leader in this segment with 32 per cent in the last financial year. In the meantime, William Hill has expanded his commitment and is active in over twelve states – either as operator, service provider or with a lottery partnership. The recent agreement with Eldorado Resorts alone brings in a customer base of 23 million people in 13 states. In return, Eldorado will receive 20 per cent of the US business.

Eldorado and Caesar Entertainment merge: This could benefit William Hill. This would increase access even further.

William Hill announces business figures from the United States

William Hill has looked back on the first 17 weeks of 2019. In terms of US business, the amounts set rose by 65 per cent. Nevertheless, net sales increased by 48 per cent. At the same time, the number of sports bets settled in the USA doubled. And where redundancies are imminent in the UK, new hires are taking place in New Jersey. Here William Hill is looking for people in marketing, sales, payment, customer service and product development.

As the British betting provider is also investing in the United States, for example, in a technology platform, a tight profit is expected at best in fiscal 2019.

More News

Eurojackpot could rise to over 90 million euros

Eurojackpot could rise to over 90 million euros

Sports cars, yachts, villas: Lottery companies in Europe are considering even higher profits. Even the German classic 6 out of…

Recap: Natus Vincere and Team Vitality move into the semi-finals

Recap: Natus Vincere and Team Vitality move into the semi-finals

The first day of the ESL One Cologne 2019 Playoffs brought all spectators two rather fast games. Both Team Vitality…

PokerStars - Christian Jeppsson wins the Sunday Million

PokerStars - Christian Jeppsson wins the Sunday Million

The Sunday Million on PokerStars is probably the most weekly tournament in online poker ever. For a comparatively small buy-in…

The big kickoff to the eSports Festival 2019!

The big kickoff to the eSports Festival 2019!

On Thursday the long-awaited eSports Festival 2019 started and all participants were already on the verge of getting their hands…

Here's how the Liga standings look at the end of the season

Here's how the Liga standings look at the end of the season

A Liga dae Espana finished with Real Madrid as the best team of the year. After beating an underdog, Barcelona…

White Russian succeeds in the historical

White Russian succeeds in the historical

Mikalaj Pobal from Belarus wins the Main Event at the EPT in Prague. He is the first man to have…

STARK Esports and the DFB cooperate in eFootball

STARK Esports and the DFB cooperate in eFootball

The start of the FIFA eNations Cup yesterday marked the beginning of a new era in eFootball, explains STARK eSports…

Borgata shows interest in Phil Ivey's WSOP winnings

Borgata shows interest in Phil Ivey's WSOP winnings

Phil Ivey's participation in the World Series of Poker 2019 has attracted the attention of poker fans around the world.…

King's Boss Leon Tsoukernik buys Casino Atrium at Hilton Prague!

King's Boss Leon Tsoukernik buys Casino Atrium at Hilton Prague!

Leon Tsoukernik, known as King's Resort boss and a regular on the world's most expensive poker rounds, has purchased the…

WSOPE: Natascha Stamm in front in 8-Game

WSOPE: Natascha Stamm in front in 8-Game

The 8-Game is something like the supreme discipline in poker. No wonder that the superstar density in no other event…

Formula 1: 70th Anniversary 2020: Timetables, favourites and where to watch the race live

Formula 1: 70th Anniversary 2020: Timetables, favourites and where to watch the race live

Formula 1 is coming to its most special race this coming weekend at Silverstone. The 70th Anniversary Grand Prix will…

Real Madrid lose out on top of Majorca table

Real Madrid lose out on top of Majorca table

Spanish football record-holders Real Madrid lost the lead to arch-rivals FC Barcelona on Matchday 9 of the Primera División. The…

E-Sport News: THE GAME AWARDS 2019
E-Sport News: THE GAME AWARDS 2019

The year is coming to an end, and The Game Awards are just around the corner. Now the nominees of…

Online casino without registration: Trustly introduces Pay N Play
Online casino without registration: Trustly introduces Pay N Play

Trustly is a payment method. Nevertheless, it is a Swedish company that has grown rapidly in the recent past and…

M-net Summer Games: The Games Are Opened
M-net Summer Games: The Games Are Opened

The first M-net Summer Games will take place at the Olympiapark Munich on June 29, starting at 3 pm. Games,…

Las Vegas: GVC receives preliminary license in Nevada
Las Vegas: GVC receives preliminary license in Nevada

The Gaming Control Board gave GVC Holdings Plc. the green light for a sports betting license in the US state.…

Dota 2 has got such a big update that professionals call it Dota 3
Dota 2 has got such a big update that professionals call it Dota 3

The MOBA Dota 2 got the big Outlanders update on November 26th. It brought many innovations and changed already known…

FIFA20 TOTW Week 10: Is this what Team of the Week looks like?
FIFA20 TOTW Week 10: Is this what Team of the Week looks like?

From now on Constantin "Tino Trading" Bolse will give SPORT BILD his opinion how the Team of the Week will…

E-Sport: Brewery plans first eSports beer in the USA
E-Sport: Brewery plans first eSports beer in the USA

In football, basketball and the like, beer has long since become indispensable. Now a brewery from the USA wants to…

The Premier goes insane: Aston Villa runs over Liverpool and scores seven objectives
The Premier goes insane: Aston Villa runs over Liverpool and scores seven objectives

The 2020-21 Premier League is insane! If it appeared to be that on the fourth day. We had just observed…

OWL: All about the Stage 2 Finals
OWL: All about the Stage 2 Finals

The play-offs of Stage 2 of the second Overwatch League Season will take place this weekend. SPORT1 collects all information…

E-Sports: G2 eSport reaches final
E-Sports: G2 eSport reaches final

The eSports-Team G2 eSport reaches the final of the Mid-Season Invitational in Vietnam and Taiwan. There it meets North America's…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!