William Hill owner Evoke has launched a review of operations in the wake of industry tax rises, with parts of the business reportedly "essentially up for sale".
The Times reports that Evoke has appointed bankers to explore its options, meaning William Hill and other parts of Evoke's business are "essentially up for sale".
Last month, Rachel Reeves revealed plans to raise remote gaming duty on online casino games to 40%, along with a steep rise from 15% to 25% in online sports betting, with the exemption of horse racing.
Although physical high street betting shops were spared from the tax increases, The Times suggests the chancellor's budget was the "final straw" for Evoke.
Evoke estimates that the tax hikes will cost it an additional £135million a year from 2027, and are the catalyst beind a strategic review launched on Wednesday.
Potential measures to mitigate the impact could include store closures and marketing cost-cuts.
Evoke, which was known as 888 Holdings at the time, purchased William Hill in 2021 for £2.1billion.
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Companies reporting today
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