888 Complete acquisition William Hill And the closure of the agreement for non -American activities is foreseen in the second quarter of the year.
This purchase, Already announced by the company in September 2022, Coast to 888 Ben $ 2.6 billion who will have to pay Caesars Entertainment, now the owner of William Hill.
Ma Let's see this agreement better, and the declarations on it, in this article written by our experts in the sector.
888 Complete acquisition non -American activities by William Hill
The acquisition of non -American activities of William Hill by 888 will be Complete in the second quarter of the year.
The finalization of the acquisition, however, is still linked to some regulatory approvals, which must also be subjected to the British Gambling Commission.
The latter, however, revealed that William Hill provided incorrect game data related to the activity during the Covid-19 pandemic, which could lead to regulatory problems.
The Commission was realized following a question asked during the process of guaranteeing the quality of the data, and William Hill admitted to the authority that The data provided between March 2022 and September 2022 contained errors.
As a result, the British Gambling Commission is now working to ensure correctness of the data, to then recall the analysis and republish the data extrapolated in February of this year.
The intention of 888 that completes the non -American activities of William Hill is that of increase your revenue. But also to create a more diversified balance between bets and games, and between online and retail.
The agreement with Caesars Entertainment
888 Complete acquisition William Hill after the agreement taken in September 2022 with the owner of the company's activities, namely caesars entertainment.
Caesars acquired William Hill in early 2022 for a value of 2.9 billion pounds. But He already intended to sell the non -American activities of the giant.
In recent months several meetings have been made and 888 has now revealed that he expects to publish a combined circular and a prospect for the acquisition and the relative capital increase in the second quarter of this year, with a subsequent vote by shareholders.
The statements out of 888 which completes William Hill International acquisition
Out of 888 that complete acquisition William Hill Pazner said: "William Hill International is all the original William Hill Plc except the United States business".
And then added: “It includes all technology and brands, and critically all talented people, with over 10,000 new colleaguesnull As a result, the transaction critically increases the scale and diversification of the business, in particular in bets ".
“The combination of 888 technology and the game of the game and the sports business of William Hill will create a really powerful and big businessnull Supported by the scale, technological talent and brands, the enlarged company will be really well positioned for continuous growth. ", concluded by saying.