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Problems for William Hill

William Hill is a successful online casino and betting bookmaker in the UK and European market that has recently encountered several rather large problems. The bookmaker is a prominent company but is facing legal action from a bettor that could lose the company several millions if the Will Hill player wins the lawsuit. Then, consider the fact that the British government has taken issue with the companies FOBT machines that are currently all over British betting shops. Compounding all of these problems is the fact that the company still has to appoint a new CEO – it’s been roughly five months at this point, and though it seems imminent, online casino analysts are still wondering what is taking the company so long.

To address the CEO issue, David Harding was the previous CEO of the online casino gambling and betting company and stepped down from the position in September of 2007. He cited the fact that he wanted to spend time with his new son as a chief reason for stepping down from CEO. That put Will Hill in a precarious situation though – they had no previous indication that Harding was considering relinquishing his position and subsequently have spent five months so far finding a suitable replacement.

Then there is the $2.1 million lawsuit from a British bettor. The Will Hill bettor is suing the company for the $2.1 million that he bet at Will Hill even after he requested to have his account locked. Online casinos and betting companies are required to practice social responsibility when it comes to problem gamblers. Opt-out programs are popular at many online and land betting companies and are in place so that the companies cannot exploit players. There is no clear consensus in industry analysts about whether the Will Hill bettor has a chance at recovering the $2.1 million he lost at the company.