The fuss coming from this operator indicates that the leading United Kingdom bookmaker will not be looking for a new CEO as well as a new Chairman in the near future.
The Times reported on Sunday that William Hill’s current chairman Gareth Davis was expected to resign his position. This article pursued the sudden end to the likelihood of a merger of equals between the British bookmaker and the online betting casino from Canada, Amaya.
The growing demand, tighter regulations and increasing taxes have caused a number of casinos like Betfair and Paddy Power to join forces. So it is obvious that the bookmakers have been under a tremendous amount of pressure to adapt to these factors.
William Hill has failed to make a successful merge and because of this lost two of the senior executives and over 1 billion in market value in 2016 alone. They have, however, turned down, two deals in the past three months, which include mergers with the Rank Group and 888 Holdings.
However, one of the representatives of William Hill was quick to share with Reuters that there are no plans for their CEO to step down because he is currently leading the search process, which has greatly advanced and is also working with Philip Bowcock in order to bring the key priorities to the company.