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.