Upping the ante
Bookie merger
UK-based bookie William Hill (WMH) and rival SkyBet have backed Canadian gaming supplier NYX's £270m takeover of OpenBet, the gaming technology company. The move comes as many of William Hill's rivals have been engaging in mergers in a bid to scale up to better deal with increased taxes introduced in the UK at the end of 2014. The deal will hopefully provide WMH with a dose of optimism after its shares fell 13 per cent in one day last month on the back of a profit warning.
Mucking in
Lead by example