Monday, May 16, 2005

William Hill Buys Stanley's Betting Shops

William Hill becomes biggest bookmaker

I guess if you're william hill, you can never have enough betting shops. And to prove a point, they've just agreed to pay Stanley Leisure £504 million for 624 shops. Now, even with my crude mathematical ability, that almost £1 million a shop - not bad in an industry in which technology is taking over the traditional bookie. Not bad for Stanley Leisure that is. Of course, this deal makes Hills the Market Leader, finally taking over from Ladbrokes. I guess that always looks better on the annual report.


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