William Hill will acquire TomWaterhouse.com
UK bookmaker William Hill is refusing to comment on speculation that it is poised to announce a deal to acquire businessman Tom Australian betting operation. It is understood that the potential transaction, which could be confirmed in the coming days, would value TomWaterhouse.com at about A$30 million (€21.2 million/$27.6 million) – far less than initial reports in the Australian media of a possible deal worth up to A$150 million.
Reports emerged of William Hill’s interest in the Australian operation in early July, nearly four months after rival UK bookmaker Ladbrokes distanced itself from a possible bid.
William Hill expanded its operations in Australia earlier this year by completing a A$660 million takeover of Sportingbet Australia.