Addressing what it called "media speculation", gaming and betting operator William Hill has confirmed that it is in "very preliminary discussions" with CrownBet, the majority-owned online betting business of Crown Resorts in Australia about a possible merger.

William Hill confirms CrownBet talks

In a statement released this morning, William Hill said: "Following media speculation, William Hill confirms that it is in very preliminary discussions with CrownBet, the 62 per cent owned online wagering business of Crown Resorts, regarding a possible combination of William Hill Australia, a wholly owned subsidiary of William Hill, and CrownBet.

"There is no certainty that these preliminary discussions will lead to any transaction."