Sep 5, 2019

William Hill boss leaves as 700 bookies closed

The departure of Philip Bowcock comes after it said 700 betting shops would close because of the reduction of the maximum stake on fixed-odds betting terminals to £2. Mr Bowcock said it had been an "Intense period" within the industry. "After all the work the team has done, I believe the business is now well placed to take advantage of the opportunities presented in the US market, as well as continued growth in digital," said Mr Bowcock, who had originally joined as finance director in November 2015. The company said Mr Bowcock's departure was "Part of William Hill's succession planning and consistent with the group's strategy of becoming a digitally-led and internationally diverse gambling company". Mr Bengtsson, who was recruited by Mr Bowcock in April 2018, said he saw a "Great opportunity" to seek growth online and internationally.

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