William Hill targets international expansion with Australian deal

WILLIAM Hill is in talks to acquire Tomwaterhouse.com, an Australian bookmaker, the latest in a spree of acquisitions from the UK’s biggest gambling company.

Negotiations, which are at a preliminary stage, place the company’s value at around AU$30m (£17.8m), sources close to the talks said.

Although small by William Hill’s standards, the move is the latest effort from chief executive Ralph Topping to expand globally.

This year, William Hill bought the Australian arm of Sportingbet, and has also made a number of small stateside acquisitions, while recently agreeing to buy out a stake in William Hill’s online operations that was owned by Playtech.

Tom Waterhouse, founded by the Australian entrepreneur of the same name, has a small share of its competitive domestic market.

William Hill did not comment.