BoyleSports takes punt on 33 William Hill stores in NI deal

BoyleSports acquires William Hill stores in Northern Ireland

BoyleSports acquires William Hill stores in Northern Ireland

The company was founded by John Boyle, a native of Market Hill in Co Armagh.

William Hill said in November that it was "on track" following the closure of 700 high street shops, which it said would mitigate the impact of changes to FOBT rules.

This brings the total number of BoyleSports shops in Northern Ireland to 39.

"We look forward to working with the BoyleSports team on a smooth transition and maintaining a great customer experience".

While the deal is already in effect, BoyleSports will not take operational control of all shops for around four weeks.

BoyleSports and William Hill governance have chosen not to disclose financial terms on their agreed sales arrangement. It purchased the 18-shop Bruce Betting chain previous year as well as five Mulholland Bookmakers stores in Galway to boost its footprint in its motherland.

We see little in the current valuation for U.S. sports betting in what could eventually be a $20bn revenue market (retaining a 5-10% market share long-term could be worth more than the current market capitalisation)'.

EXO's Chen to marry non-celebrity girlfriend
They added that because she is a non-celebrity, they can not reveal how far she is in her pregnancy or any other related details. I feel bad for not being able to do things as planned with the agency and members, but this blessing has given me more strength.

At present, BoyleSports operates 259 shops in the Republic of Ireland and six outlets in Northern Ireland.

He added: "This acquisition complements our existing retail network in Northern Ireland and our retail network in the Republic of Ireland while also representing a significant step in our long-stated ambition to develop our retail footprint across the United Kingdom".

The Irish brand's United Kingdom expansion began in 2019 when it purchased a small network of independent sportsbooks in the English Midlands.

BoyleSports said the recent transactions were the result of its plan to concentrate its efforts on increasing its activities outside of the Republic of Ireland due to the government's decision to double the duties for betting.

BoyleSports plans to have 100 betting shops across the United Kingdom by the end of 2020.

Thanks to "favourable sporting results" during the last months of the year, operating profits for the year to 31 December will be in the range of £143m to £148m compared with a Bloomberg consensus of £130m.

The betting shop operator has also announced plans to build a 100-shop estate in the United Kingdom, given the hard operating conditions arising from the recent reduction in the maximum stake on fixed-odds betting terminals from £100 to £2.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.