Stanley Leisure estate currently stacking 1,300 touch-screen roulette machines, known as fixed-odds betting terminals (FOBTs) scattered among 624-strong betting shops, was recently announced to be acquired by William Hill.
Stanley’s roulette betting terminals were purchased for the grand price of £505m. David Harding, William Hill’s CEO maintained that a flock of shareholders may have been more contented with the certainty of cash, yet they do realize the strategically viable advent behind acquisition of Stanley’s shops.
The deal’s utility for William Hill is evident as it rigs the company with 2,200 shops catering roulette FOBTs covering south-east of England. On the whole, the advantage of 300 shops will be registered for William Hill when compared to the market leader, Ladbrokes.
The sale of roulette FOBTs shops entails Stanley Leisure to pay back at least £300m to the shareholders.
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