William Hill announces 900 stores closure

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campeones
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William Hill announces 900 stores closure
« on: January 23, 2019, 09:30:12 AM »

William Hill is now focusing on expanding in the US markets and Scandinavia. This realignment in company's plans comes with the closure of 900 shops.
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arbusers
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Re: William Hill announces 900 stores closure
« Reply #1 on: March 01, 2019, 03:08:23 PM »

William Hill Plc reported operating losses of £721 million, closing its full-year 2018 accounts.
This is a big damage.
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dealer wins
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Re: William Hill announces 900 stores closure
« Reply #2 on: March 01, 2019, 03:53:33 PM »

Couldnt be happening to a nicer company lol

I feel for the staff who are losing their jobs, but Hills are a horrible company, the worst on the high street, even 20 years ago they were too!!
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risilloch
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Re: William Hill announces 900 stores closure
« Reply #3 on: March 01, 2019, 04:30:22 PM »


... the worst on the high street...

What?! At least you can extract decent value from them.

Betfred the worst then Coral\Paddy
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Skaggerak
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Re: William Hill announces 900 stores closure
« Reply #4 on: March 01, 2019, 07:18:24 PM »

No wonder the limits are coralesque now, another soft bites the dust.
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Bubbles
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Re: William Hill announces 900 stores closure
« Reply #5 on: March 02, 2019, 12:05:38 AM »

the limits are coralesque now.
;D

William Hill Plc reported operating losses of £721 million, closing its full-year 2018 accounts.
This is a big damage.
One may wonder how did they manage to screw up like this in such a business. Surely, they didn’t lose this money to arbers. It will never cease to amaze me what a bad management can do.
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arbusers
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Re: William Hill announces 900 stores closure
« Reply #6 on: March 02, 2019, 03:28:06 AM »

WilliamHill's business is predominantly UK-centric and land-based. This will change in the coming years with international diversity and a bigger digital gravity. Already there are several signs for this:
The 270 mn MrGreen acquisition expands WH vision in Scandinavia.
The 70 mn investment in the US, as WH wants to have the best starting position.
The closure of 900 stores in the UK as mentioned by Campeones.
In addition, even though the CEO remains in office, during 2018 there were new entries in the management showing that they are going for a more digital WilliamHill.
Obviously, they will not welcome arbers and sharp bettors. We have seen WH being very tough in many occasions during these last years, asking players to bring forward various documents, sending them somewhere in Gibraltar, etc.
My feeling is that they ll go for casino traffic where the easy money is. MrGreen acquisition shows that.
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GStyle
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Re: William Hill announces 900 stores closure
« Reply #7 on: March 02, 2019, 01:18:37 PM »

One friend told me that WH asked him for verification : selfie with id, selfie with address bill, screenshot from NT, and handwritten on paper his account id or his username and selfie with that.
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Chipmunk
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Re: William Hill announces 900 stores closure
« Reply #8 on: March 02, 2019, 03:50:40 PM »

Going to get harder for shop-based UK businesses. So much of their income is from casino betting terminals, and there's a big crackdown by the government on max stakes there.
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arbusers
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Re: William Hill announces 900 stores closure
« Reply #9 on: March 27, 2019, 09:54:31 AM »

It is reported by Property Week, that William Hill has requested that its landlords reduce its rents by 50 per cent, effective immediately.
An open letter was sent to 2,000 landlords across the country at the beginning of March requesting these severe rent cuts.
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campeones
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Re: William Hill announces 900 stores closure
« Reply #10 on: July 05, 2019, 08:52:26 AM »

William Hill stores are the next big drama in the gambling industry.
Recent reports show that only 700 stores are going to be closed. If we combine this with this

It is reported by Property Week, that William Hill has requested that its landlords reduce its rents by 50 per cent, effective immediately.
An open letter was sent to 2,000 landlords across the country at the beginning of March requesting these severe rent cuts.

we can easily say that at least 200 landlords agreed to reduce the rents by 50%.

Many say these are the consequences of governments decision to reduce the maximum stake on FOBT gaming products to £2 from 1 April 2019.
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Wolfie
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Re: William Hill announces 900 stores closure
« Reply #11 on: July 05, 2019, 10:06:12 AM »

Regulations are becoming more and more local and against gambling. We do not know for sure where this will go. Maybe US being more gambling friendly will start a new stream of regulator position toward this industry. If Trump administration does not open it i doubt it will ever be open.
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