More turbulence expected at William Hill and 888 as speculation mounts about new investors
Stability has been in short supply for William Hill in recent years and a period of calm looks unlikely as speculation continues to swirl around the bookmaker's parent company 888.
This month it emerged that a group of gambling industry heavyweights including former GVC Holdings chief executive Kenny Alexander had built up a near 6.6 per cent stake in 888 through a vehicle called FS Gaming Investments.
Along with Alexander, New York-based FS Gaming includes former GVC chairman Lee Feldman, Shay Segev, Alexander's successor at GVC – which later rebranded as Entain – and now chief executive of sports streaming service DAZN, and Stephen Morana, a former Entain board member and chief financial officer of Betfair.
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- 'It would be nice if they'd listen' - independent bookmakers spell out concerns to government over statutory levy rate
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- 'The industry is in a good and positive place' - Brigid Simmonds looks back on her time at the Betting and Gaming Council
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