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William Hill buys TomWaterhouse.com

William Hill buys TomWaterhouse.com

William Hill has bought into Tom Waterhouse company as part of their plans for international expansion. Earlier this year they also bought out Sportingbet Australia for $670 million. Australia now has become their second home market.

Tom Waterhouse's worth had been estimated at $150 million, although both Gai Waterhouse and Robbie Waterhouse wanted to sell only half of the company for $100 million. William Hill has stated that a potential earn-out of up to $110 million is possible, but it will be subject to company performance until end of 2015.

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