Betting group BoyleSports revealed its interest in acquiring some or all of William Hill’s betting shops in the UK.
A total of1400 William Hill shops are on sale after Caesars Entertainment acquired the group recently. In an effort to focus on its U.S. operations, offloading the UK business is a necessity. According to analysts a sale could bring in as much as £1.5 billion.
BoyleSports said in a statement:
“BoyleSports would certainly be interested in acquiring some or all of William Hill’s UK shops, or indeed any other opportunity that makes sense for our business. The sale of the William Hill estate presents us with a rare opportunity to achieve the retail scale we have been targeting.”
A common sight in Irish streets, the Dundalk headquartered and family-run BoyleSports has long eyed a major expansion into the UK. It was already in 2008 that they made a move to buy the UK’s then state-owned Tote, however lost out to BetFred.
The BoyleSports statement further said:
“We have made no secret of our ambition to be one of the principal operators on the UK high street and believe that our retail and digital offerings represent a best in class safe and enjoyable proposition for the betting public.
We already have 21 shops in the UK and two in the Isle of Man, along with our 45 shops in Northern Ireland and our recently upgraded online betting site gives us a sizeable foothold in the UK retail and online markets.”
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Source: Igaming
