William Hill Bingo and Gaming Rights Issue
William Hill is a well known and well loved gaming brand in the UK, they also operate online and have an online bingo site, which has proven very popular. They have announced that they are presently raising funds of ₤350 million through a rights issue in order to obtain loan funding of ₤838.5 million and presently their 15 000 employees are on a temporary wage freeze. They have also scrapped their final dividend, and are going to be using the funds to reduce their current debt.
William Hill bingo together with their other online offerings has grown by 13% as far as operating profit goes, and they have also enjoyed an 18% increase in online players with active accounts. The groups said this positive growth reflects that there are still growth opportunities available in online gaming. Even though the retail business of William Hill showed up very strong, their online operations are the preferred method for reaching an international audience.
They recently undertook an extensive re-vamp of the William Hill online bingo site, they have opened a special bingo room called the Champagne Lounge and they offer a welcome bonus to new members of ₤10. You are certainly able to get your bingo thrills at William Hill Bingo where you can play for great prizes from cash to a luxury holiday, and every month sees a new promotion on offer.
They also offer free bingo and BOGOF (Buy One Get One Free) and all day on a Thursday in the community room you can play free bingo all day long. These games play on the hour, every hour, so be sure not to miss them, you could win ₤50 up till 6pm and thereafter the prize pot increases to ₤75. They also have nifty fifty games on offer where each line can win ₤50.
