William Hill has sold its Australian wagering business to CrownBet, the online sportsbook operator owned by The Stars Group.
William Hill will receive AUD$300m for the business, which was put up for review earlier this year following the introduction of the credit betting ban in Australia and the proposed introduction of a point of consumption tax.
In the year ended December 26, 2017, William Hill Australia generated revenue of AUD$201m and EBITDA of $47m, with gross assets [...]
