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William Hill plans to get their sports betting operations up and running within weeks at five casinos which include Atlantic City’s Tropicana . They will be able to launch more sportsbooks in other locations as well as digital betting platforms in the coming months. William Hill and Eldorado have worked with each other for 6 years but they have begun to rapidly expand after the Supreme Court’s May decision that has led to the proliferation of sports betting in the United States. William Hill – Making Big Strides In America Aside from being one of the biggest sportsbooks in the United Kingdom, William Hill also has a large presence in the state of Nevada where they operate 108 sportsbooks and boast the state’s most widely used sports betting mobile app. They now look to capitalize even further as legalized gambling expands throughout the rest of the United States. Eldorado will have a 20% stake in William Hill’s American operations and William Hill will own the other 80%. William Hill’s CEO, Philip Bowcock, said that the deal will provide both companies with plenty of opportunities to grow their own businesses. He was very confident that the two companies are in a good position to get a large share of the evolving American market. US Market Should Boost William Hill Revenues William Hill hopes that profits from the US market can compensate for the loss of revenues that resulted from the UK government’s decision to dramatically cut the maximum bets at fixed-odds betting terminals to £2 from £100 per spin. While the rule hasn’t been implemented yet, the company has reportedly lost as much as £820 million over the last 2 quarters.
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