Published: Friday, October 20, 2006 Online-Casinos.com
WILL HILL SAYS DOTCOM CRASH CAN BE HANDLED
UK gambling group will focus on its core betting shop business in the wake of US legislative crisis
William Hill CEO David Harding said in a Reuters interview this week that the company will focus on its core betting shop business following the online gaming crash brought about by US legislative moves to restrict the flow of cash from American players to online gambling operators.
Harding said the company is enjoying a reasonable run of results on soccer and horse racing. "I know dotcom is the sensation at the moment, and we have done well in that space, but we've got 2 200 betting shops out there grinding out good solid cash, week in week out," David Harding said.
He added that William Hill has ruled out buying online gaming rivals, whose share prices plummeted this month after the United States effectively banned Internet gambling. "Clearly we've run the rules over them in the past, but I've always been able to satisfy myself that we could win the customers in cyberspace cheaper than we could buy them," said Harding.