William Hill pays bonuses to retain key Australian directors

     

    William Hill has arranged to pay up to USD $23.7 million to hold on to four members of Sportingbet’s management team in Australia following its takeover of the online bookmaker.  The retention bonuses for Michael Sullivan, head of Sportingbet Australia, and three other key members of management are outlined in the scheme document for the takeover.  In the document, GVC warns that the integration of the Sportingbet business will “likely lead to redundancies where the businesses have overlapping functions or where this would otherwise improve efficiency”.