UK William Hill Shops up for Sale as 888’s Financial Pressures Mount

  • Allsop is bringing a circa £7m ($8.7m) portfolio of William Hill properties to market
  • 58 betting shops are for sale with prices starting at £95,000 ($118,707)
  • 888 has had a harrowing beginning to the year, including a record UKGC fine


William Hill shop
In desperate times for 888 Holdings after taking the UK’s record gambling fine, the firm is selling 58 of its William Hill betting shops [Image:]

Not many could predict a start to the year involving trouble in the Middle East, a CEO falling on his sword, and a record £19.2m ($23.6m) gambling fine for 888 Holdings. With these issues mounting on all sides for the operator, it makes sense that the company wouldn’t be planning expensive team-building exercises for Q2.

Instead, news emerged Tuesday that leading UK property auction house Allsop is bringing a circa £7m ($8.7m) portfolio of William Hill properties to market, a sign of 888’s increasingly desperate financial situation. 888 purchased William Hill’s UK assets, including its retail shops, for a fee of $3.47bn in September 2021.

prices ranging from £95,000 ($118,707) to £130,000 ($162,441)

According to Lancs Live, Allsop will put 58 William Hill betting shops under auction, with prices ranging from £95,000 ($118,707) to £130,000 ($162,441). The regional news source lists three William Hill properties up for auction in Lancashire, and states one of the sites in Great Harwood “comes with a let to the William Hill organisation for 15 years.”

Allsop stated customers wanting to attend a viewing must register before April 11, with the auction of the 58 properties to end April 20.

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