G'day Punter!

Sign In Register

In this Discussion

Who's Online

0 Members & 5 Non Members

Tom Waterhouse sells out.

West Australian Racing
DamienWyerDamienWyer    8,008 posts
edited August 2013 West Australian Racing
William Hill buys Tom Waterhouse
UK bookmaker William Hill has agreed to acquire 100 percent of Tom Waterhouse Pty Ltd for an upfront consideration of $34million.
The leading UK bookmaker acquired Sportingbet Australia in March 2013 for around $670million. 
The acquisitions of Sportingbet and tomwaterhouse.com are part of William Hill's strategy of selective international expansion with Australia forming its second home market.
"Acquiring tomwaterhouse.com gives us a rapidly growing business that appeals to a wider customer base," William Hill chief executive Ralph Topping said.
"What we all share is making William Hill Australia the number online bookmaker in Australia by bringing customers the very best online and mobile betting experience."
Part of the deal encompasses a potential additional earn-out on a sliding scale of up to AUD$70million that is payable, subject to tomwaterhouse.com achieving incremental EBIT on a sliding scale between AUD $10m and AUD $30m in the year to December 31, 2015.
A major benefit for William Hill's acquisition will be the exclusive access to key media, namely as exclusive betting partner of Channel 7 Racing and integration within Channel 9’s NRL broadcasts.
+1 -1

Comments

  • TheDivaTheDiva    13,248 posts
    Was always going to happen....
    +1 -1
  • CarlosaCarlosa    1,287 posts

    I hate corporates, with a growing passion.  That their business model is allowed is a disgrace.  And even worse for mine, is that they are accepoted by punters and people in the industry.

    They contribute nothing positive. 

    Gee I'm in a foul mood today.

    rick, RIO, motivated likes this post.

    +1 -1
  • bookieloverbookielover    2,709 posts
    He wanted 100 million for 50% a few months ago. This means that all the major Corps are owned by our Lords and Masters, the British. :(( :((

    Anyway, it doesn't matter who owns them. Back a winner and they'll bar you.

    :-h :-h
    +1 -1
  • TheDivaTheDiva    13,248 posts
    his advertising bill would be bigger than $34 mill!
    +1 -1
  • bookieloverbookielover    2,709 posts
    Diva,
    He paid the NRL $50 million in a five year sponsorship agreement. I'm no fan of NRL but watching a Storm game one night, coz I had nothing better to do, I saw him on the boundary line, or whatever they call it, spruiking his odds at half time.

    Following many complaints about how kids would be drawn into the evils of gambling bla bla bla, he was forced to stop the practice. So you have to wonder where the value is in the 50 million sponsorship.
    +1 -1
  • TheDivaTheDiva    13,248 posts
    they paid $34 mill for exposure im sure...which is probably all the business is worth. Id say its making losses, hence the clause that he can make another $70mill based on EBIT to 2015? 
    $600 million is what they pay for a profitable business! 
    +1 -1
  • bookieloverbookielover    2,709 posts
    edited August 2013
    Just watched part of an interview with Topping and Waterhouse on the Sky News business Channel. Aside from the usual it's wonderful for all of us stuff, what I found interesting was that whoever's office in which the interview took place, ex-bookie and Sportingbet rep Michael Sullivan's battered and worn bookies bag was sitting on a shelf just behind Tom.

    Speaking of Sulli, he got his first job working for mammoth Queensland bookie Brian Ogilvie. Ogilvie passed away earlier this week having been ill for some time. I was friendly with Gabe Farrah. Gabe had some great horses in Campaign King, and  Better Loosen Up to name just two. I remember being with Gabe on a Friday a few weeks before the Doomben 10,000, I think it was 1988, but I stand to be corrected. Gabe rang bookie Stan Tapsall, a big Queensland bookie both in betting and girth, his girth unfortunately cost him a much longer life than he had.

    He asked Stan what price he would bet him Campaign King in the 10,000.  Stan said 6/1. Gabe said how much can I have on it, and Stan said 10 grand each way if you want and Gabe had the bet.

    He then called Ogilvie. Asked him the same question, firstly the price, Brian said 6/1 then how much can I have on it. Brian said whatever you want. Gabe said I'll have 100 grand each way. Brian took the bet. The horse won.
    That's how big Ogilvie was compared to his fellow bag men and even they would give you a bet that you couldn't get on for today.

    When Brian retired from the Brisbane ring, there was no one that replaced him for the size of his bets. 
    That's also symptomatic of bookmaking today. The real dashers and gamblers are gone, and virtually every bookie is going to the track to try and earn rather than gamble.

    And let's face it who can blame them

    May Brian Ogilvie rest in peace.

    BestWestern, ThePrince likes this post.

    +1 -1
  • RIORIO    14,902 posts
    is that the offer for Punta's mailing list???? ;))

    bookielover likes this post.

    +1 -1
  • legolandlegoland    22 posts

    WA's  fixed odds, " PLAYER", firstly had Centrebet as the book manager. That was then acquired by Sportingbet and now William Hill has purchased Sportingbet  ???  Is this correct ??

    So which company are WA Player punters actually betting with   .... !

    +1 -1
  • ThumperThumper    820 posts

    Think you mean odds manager legoland. I'm led to believe Player have no book management in place bar win limits on individual bets. Bit concerning given they are gambling with the industry's funds.

    +1 -1
  • TheDivaTheDiva    13,248 posts
    reading the comments on the bottom of this article is interesting.

    JustanL likes this post.

    +1 -1
  • PlaceProfitPlaceProfit    29 posts
    Its really RobWaterhouse.com isn't? its all the old mans money
    +1 -1
Sign In or Register to comment.