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Evolution Suggests Merger

William Hill is certainly has a large scope of influence in the land and online casinos gambling and betting industry, but a sportsbetting venture implemented last year has caused some to doubt the company’s management ability. To that end, many in the online casinos industry are pondering Will Hill’s future actions regarding development on the planned sportsbetting site. Evolution Securities has released a statement on a proposed fantasy-merger that the company contends would add value to both companies involved in the suggested merger, Paddy Power Poker and Will Hill.

Both companies have an interest in the land and online casinos gambling and betting industries, and they both have skills and scope that compliment the other. Basically, Evolution criticizes the fact that Will Hill “already wasted…GBP 26 million in write-offs and charges.” But at the same time, statements from Will Hill indicate that “the company is now embarking on implementing a third-party solution,” alleges the Evolution statement. Paddy Power is already skilled in the online casinos industry, and Will Hill has a large reach and respected name in the industry. Evolution notes, "each board offers complementary skills, so both could stay and therefore buy into the deal.”

All of this is naturally pure speculation and there have already been rumors in the online casinos industry that Will Hill would choose a different sportsbetting software provider (speculation though as many of the reporting news organizations have attributed undisclosed sources to the information). As for the venture between the online poker site Paddy Power and the powerful betting company, Will Hill – well Evolution Securities has put the idea out there, now it’s just a waiting game to see which company Will Hill chooses for its new sportsbetting site.