William Hill operators are thinking to leave the Australian gaming market after crackdown.
Australia.- William Hill authorities are debating whether to leave the Australian gaming market after the national government held a crackdown and announced further regulations to limit sports betting operations. As revealed this week by official sources, the internationally renowned gaming company could be planning to sell its Australian brand.
The Government of Australia has recently approved several measures against gaming industry, including tax increases and prohibition on betting on credit. These new regulations have undesired effects on William Hill’s services in the country. Last year, Crown Resorts was allegedly negotiating an agreement with UK sports betting operator William Hill in order to expand both operators’ services in the licensed gaming markets.
Last year’s edition of the Australian Gambling Statistics showed that the industry in Australia has been experiencing positive results, with sports betting leading the list with a 13 per cent increase year-on-year in the 2015-2016 period. William Hill is renowned for its sports betting operations worldwide.
Total sports betting expenditure recorded the biggest growth year-on-year as it increased 13 per cent to US$920 million. Total gambling expenditure totalled US$18 billion in that period, as most of that number came from gaming expenditure, which considers casinos, lottery, gaming machines, Keno, among other things.