Its Australian business, whose chief executive is high-profile bookmaker Mr Waterhouse, has been placed under a “strategic review” and is now up for sale. Industry sources confirmed multiple bookmakers had done due diligence on William Hill Australia in recent weeks, and said a deal could be sealed imminently.
Unlike many of Australia’s other prominent online bookmakers, who had agreed to the credit-betting ban that was contained in a suite of new responsible-gambling laws, Mr Waterhouse’s William Hill Australia has been fiercely resistant.
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Fairfax Media last month revealed the company’s biggest credit-betting customer to be celebrity real-estate identity John McGrath, who has been incurring average gambling losses of $10 milli…
Read the full article at: https://www.smh.com.au/business/companies/william-hill-slashes-value-of-tom-waterhouse-led-australian-business-20180225-p4z1md.html