William Hill Considers Buying Stanley Leisure

18 Apr 2005

UNITED KINGDOM – As reported by the UK Independent: "William Hill, the UK's second largest bookmaker, is in talks to buy the betting shop arm of its smaller rival Stanley Leisure for an estimated £500m.

"If successful, the deal will see William Hill overtake Ladbrokes - the betting chain owned by the hotel group Hilton - as the UK's largest bookmaker, adding more than 600 sites to its existing 1,600-strong chain of betting shops.

"Since floating on the London market almost three years ago, William Hill has made a series of small betting shop acquisitions, but has always maintained that it would look at any larger packages if they were to come to market.

"Stanley Leisure has said previously that it would consider selling its betting shop division if it was offered the right price, but has not actively been trying to sell the business.

"…News of William Hill's talks with Stanley are expected to prompt a number of other companies, such as Coral and Tote, the Government-owned bookmakers, to enter the bidding for the betting shops…"

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	William Hill Considers Buying Stanley Leisure 18 Apr 2005 UNITED KINGDOM – As reported by the UK Independent: "William Hill, the UK's second largest bookmaker, is in talks to buy the betting shop arm of its smaller rival Stanley Leisure for an estimated £500m. "If successful, the deal will see William Hill overtake Ladbrokes - the betting chain owned by the hotel group Hilton - as the UK's largest bookmaker, adding more than 600 sites to its existing 1,600-strong chain of betting shops. "Since floating on the London market almost three years ago, William Hill has made a series of small betting shop acquisitions, but has always maintained that it would look at any larger packages if they were to come to market. "Stanley Leisure has said previously that it would consider selling its betting shop division if it was offered the right price, but has not actively been trying to sell the business. "…News of William Hill's talks with Stanley are expected to prompt a number of other companies, such as Coral and Tote, the Government-owned bookmakers, to enter the bidding for the betting shops…"