Exit of former William Hill Australia CEO follows acquisition by CrownBet
Australian media reports Thursday indicate that 4 May will be the last working day at CrownBet for Tom Waterhouse, CEO of CrownBet’s recent acquisition, William Hill Australia.
The Australian operations of the UK betting group have not fared as well as expected, prompting the parent group to review operations and ultimately sell the Aussie subsidiary (an amalgam of Tom Waterhouse, Sportingbet and Centrebet) at a loss to Stars Group subsidiary CrownBet last month for A$ 300 million.
The severance appears amicable, with CrownBet CEO Matt Tripp wishing Waterhouse well after his three-year stint heading up William Hill Australia.
For his part, Waterhouse has reportedly signed a two-year restraint of trade agreement which will apparently not prevent him from running his new business as an online elite betting tipster, leveraging his well-known name at TomWaterhouse.com. The service is reportedly not for the low roller – platinum membership is priced at A$ 120,000.
