Saturday, 20 October 2018

William Hill US Calls for Regulators to Gain Power to Fix Errors

William Hill US wants regulators to have the power to fix technical errors.

The American branch of the British bookmaker company wants to change regulations after an error led Paddy Power’s FanDuel to pay a player despite giving incorrect odds.

According to reports, the technical error saw FanDuel give odds of 750-1 for a game between the Denver Broncos and the Oakland Raiders when they should have been set at 1-6.

The New Jersey company initially refused to pay the winnings due to the error but eventually paid over $212,000 following backlash and market pressure. William Hill US now wants to change this.

The company sent a letter to the Nevada Gaming Control Board (NGCB) this week requesting a change in regulations. Gambling Insider reports that the letter asked for “…a revision that allows the Chair to use discretion in rescinding wagers where an obvious error has occurred; for example, with obviously erroneous pricing.”

The letter continued: “This would address the situation that occurred recently in New Jersey where an operator issued a wager on a football game at a price that was obviously incorrect.”

Sylvia Tiscareno, part of William Hill’s General Counsel, testified at Tuesday’s meeting of the NGCB and explained the firm’s request. The three-person panel decided to review Tiscareno’s input before making a decision.

An Expanding Brand

The news comes as William Hill continues to expand its presence throughout the United States. Earlier this month, the bookmaker announced an expansion on an agreement with Golden Entertainment.

As part of the deal, William Hill will operate the company’s race and sports betting activities in Nevada, Maryland, and Montana while also managing deposit kiosks at taverns and other gaming locations owned by Golden Entertainment.

In addition, William Hill US has also made an agreement with US gaming giant IGT in order to secure betting deals and formed a partnership with Eldorado Resorts, a deal which led William Hill’s shares to rise by 6%.