Day: 14 January 2021

Former Sainsbury’s Executive Appointed as Sazka Group’s Advisor on UK National Lottery Licence Bid

Thu 14 Jan 2021 10.02 Daniel Williams
Former Sainsbury’s Executive Appointed as Sazka Group’s Advisor on UK National Lottery Licence Bid

The European lottery operator Sazka Group has hired the former Chief Executive Officer of Sainsbury – Justin King – as an advisor on its bid to acquire the operating licence for the UK National Lottery. Mr King, who is a veteran in the retail sector, currently occupies the vice-chairman position at Terra Firma, a private equity firm. Prior to the ten years spent at the leader’s position at Sainsbury, he also occupied top executive jobs at Marks & Spencer and Asda. He is the first person appointed to a new…

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William Hill Reveals Projections of £30-Million Loss Because UK Betting Shops Closures but Remains Hopeful for the Future

Thu 14 Jan 2021 6.05 Olivia Cole
William Hill Reveals Projections of £30-Million Loss Because UK Betting Shops Closures but Remains Hopeful for the Future

The British bookmaker William Hill has revealed a sharp decline in revenues as a result of betting shop closures and lockdown restrictions because of the ongoing coronavirus pandemic, even with its online operations registering growth. On January 13th, the group issued a trading statement, projecting that its 2020 full-year revenue would be about 16% lower than the one registered in 2019, or about £1.3 billion. William Hill further said that it expected its retail unit to post a £30-million year-on-year loss because of the challenging conditions faced by its land-based…

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