William Hill to buy Stanley betting outlets
Monday, May 16, 2005 | 9:40 a.m.
William Hill Plc, the U.K.'s second-largest bookmaker, agreed to buy Stanley Leisure Plc's betting shops for 504 million pounds ($930 million) to overtake Ladbrokes as the country's industry leader.
The purchase of Stanley's 624 betting offices will create a chain of 2,237 bookmakers, London-based William Hill said today in a Regulatory News Service statement. Ladbrokes, owned by Hilton Group Plc, runs about 1,900 bookmaking shops in the U.K.
"This acquisition represents a rare opportunity for William Hill to substantially increase its distribution reach, whilst simultaneously realizing benefits of scale," William Hill Chief Executive David Harding said in the statement.
William Hill is focusing on expanding its bookmaking operations after the government limited opportunities to expand into casinos. The company abandoned plans to return 453 million pounds to shareholders because of the acquisition.
archive
- Most Read
- Discussed
- Most E-mailed
- Police arrest 2 more in fatal shooting of Metro officer
- Illness theory gaining ground for gambling addiction
- At CityCenter, it’s not your usual uniforms for workers
- Rebels wake up Sunday with top RPI
- Carl Icahn offers $156 million for Fontainebleau, outbids Penn National
- Ex-ACORN official gets probation for voter registration plan
- Woman dies in house fire in western valley
- Vegas-based Majestic Star Casino seeks bankruptcy
- Despite economy, swank of lawmaker’s fundraisers not in recession
- Report details events leading to officer’s fatal shooting
Blogs
The Kats Report
Oscar Goodman sounds like a man not running for governor
Robin Leach's Las Vegas Celebrity Watch
And the Season 9 winner of Dancing With the Stars is …
Elsewhere
Sen. Steven Horsford parked in handicap spot for hours (12 Comments)
Now and Then
Rory in disguise ... with glasses
Politics: Ralston's Flash
Angle: I am better than all other Republicans against Harry Reid and here's why (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond within reach of Dancing With the Stars victory
Politics: Ralston's Flash
Doug Hampton's 15 minutes go national: "Nightline" transcript (6 Comments)
Calendar »
- 24 Tue
- 25 Wed
- 26 Thu
- 27 Fri
- 28 Sat
-
Thanks-Spinning with Z-Trip at Moon
Moon Nightclub | 10 p.m. to 11:59 p.m.
-
Food Drive at Coyote Ugly
Coyote Ugly | 10 p.m. to 11:59 p.m.
-
Surfer Blood with ACoSA at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Ladies night at Feelgoods
Feelgoods
-
Canned food drive at Pure
PURE | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati












