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William Hill are one of the biggest names in the online betting industry, with sports betting, scratchcards, bingo, poker, casino, live casino and William Hill Vegas all prominent names. But to say it has not been a good year for William Hill would be something of an understatement, with well-publicised recruitment struggles high up in the company and equally well-publicised failed takeover attempts, combined with stories all over the media about in-house squabbling has defined what is arguably the worst 12 months in the company’s history.From one of the biggest names in the online gambling industry to a company on the verge of disaster, is there anything William Hill do to save themselves?
What went wrong?
William Hill seemed to be in control and have a solid plan at the beginning of the year, but even in March it was starting to be suggested that William Hill could expect a hefty decline in full-year profits.The changes in regulations have hit a lot of online casino operators hard, but the optimism William Hill had early has seemingly resulted in them having a worse year than their other options.
Transitional period
There are massive transitions occurring in the board, but the most high profile change has been the ‘unanimous’ decision to remove former CEO James Henderson from his position at the top.Replacing Henderson is proving very difficult, with rumour that many times have rejected the position, and chairman of William Hill, Gareth Davis, stating that they are yet to offer anyone the job.
What’s next?
As we move into 2017, it is clear that something big is going to have to happen to change the fortunes of the struggling company. Step one is certainly going to need to be a new CEO. Despite claims that interim CEO Philip Bowcock is moving the company towards targets, the numerous high-profile snubs of the company this year is not helping.What happens next remains to be seen, but it’s clear something