William Hill Online Gambling Exits Two More Markets

Published Saturday, June 27, 2015 - Online-Casinos.com
William Hill Online Gambling Exits Two More Markets

When the online gambling industry first began to emerge it was not yet regulated by many jurisdictions in Europe and beyond. Now however the rules for the industry have been formed and operators have begun to make moves to comply with the variety of changes imposed by different regulatory bodies.

One company that has expanded their reach and offered gambling services in many jurisdictions is the U.K. located William Hill.  In 2005, William Hill bought 624 betting offices in the UK, the Republic of Ireland, the Isle of Man and Jersey from Stanley Leisure for £504 million: the acquisition briefly took the company past Ladbrokes into first position in the UK betting market in terms of shops but not revenue. The Office of Fair Trading made William Hill sell 78 of the 624 Stanley shops due to concerns over anti-competitive practice. In June 2012, William Hill expanded to Nevada, the only U.S. state to allow full-fledged sports wagering.

The expansion the company has gone through has been extensive but as regulations have been changes so has the range William Hill has encompassed. On 1 February 2015, William Hill left Singapore to comply with the Remote Gambling Act. Now in June of 2015 the company has announced more withdrawals from certain markets in Europe such as Romania on June 2nd and it will be exiting the Estonian and Portuguese gambling markets at the end of the month due to “recent regulatory developments”.

William Hill’s removal of its online gambling offerings from these markets is said to be temporary according to a communication from the firm which read,  “We value your cooperation and contribution and, though William Hill is obliged to cease to accept business from customers in Estonia and Portugal (and Romania) for the time being, we are confident that we will have the opportunity to work together in the future.”

 

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