Tag Archives: Caesars Entertainment

888 anticipates closure of William Hill acquisition in Q2 2022

888 Holdings has updated that the full completion of its takeover of the non-US assets of William Hill and William Hill International will take place in the second quarter of 2022. Additionally, Q2 2022 will also see the international gambling group publish a combined circular and prospectus for the acquisition and capital raise, with a shareholder vote scheduled to follow.  …

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Year in Review Part Four – UKGC reaches conclusions and M&A sagas come to a close

The final quarter of the year saw huge news across a range of areas of the international betting and gaming industry, as two major acquisition sagas concluded – with differing results – and the UKGC made a number of important announcements.  In the second half of 2021, the betting sector closely followed a prominent transatlantic development, as major US player …

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Year in Review Part Three – Firms look to Nasdaq whilst William Hill auction comes to a close

The third quarter of 2021 saw further regulatory developments across Europe, and one of the year’s biggest M&A saga’s concluded as 888 Holdings finalised the terms of its William Hill acquisition.  Sportradar, the Swiss sports data and technology company, successfully completed its public listing on the US Nasdaq stock exchange in September, with some assistance from basketball legend Michael Jordan. …

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Year in Review Part Two: Bidding battle for Hills and legislative backlash in Germany

The second quarter of 2021 saw major developments across the European betting industry, as Germany introduced a new tax regime, British regulators came under increasing scrutiny and a major bidding contest got underway. In Germany, April saw the ratification of the federal Fourth Interstate Treaty on Gambling (GlüNeuRStV) by the Bundesländer of Saxony-Anhalt, following approval by 13 other states.  The …

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English speakers identified as most at-risk problem gambling group by Gambless

Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …

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Betegy partners with Tipico for German and Austrian content rollout

Betegy has strengthened its position in central Europe by entering into an agreement with German sports betting operator Tipico, launching its full-service marketing service across the company’s retail suite. Under the terms of the deal, the sports data and automated content provider will deliver its services in Tipico retail outlets in Germany and Austria, focusing on content generation. Tipico will …

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BoyleSports strengthens retail presence with acquisition of last 10 Tully Bookmakers

Irish independent bookmaker Tully Bookmakers has made the decision to sell its ten remaining retail venues to BoyleSports, as reported by the Racing Post. Also taking on Tully’s telephone betting business, the acquisition will see BoyleSports maintain its position as the largest independent operator in Ireland with a suite of 268 retail betting shops throughout both the Republic and Northern …

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Investment firms reportedly circling Scientific Games’ lottery unit

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

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IGT appoints Joe Asher as President of reformed sports betting unit

IGT Plc has confirmed the appointment of former William Hill US CEO Joe Asher as President of its sports betting division, under the firm’s new Digital-&-Betting unit. Effective from 1 October, Asher will report to Enrico Drago, IGT CEO of Digital-&-Betting, and will spearhead the ongoing expansion of the IGT PlaySports sportsbook business in North American markets. “The PlaySports sports …

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888 acquires ‘hugely exciting’ £2.2bn William Hill International

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888 Holdings CEO Itai Pazner has confirmed the ‘hugely exciting acquisition of William Hill’s non-US business from Caesars Entertainment for £2.2bn.  The deal, news of which broke earlier this week, is expected to deliver ‘significant operating efficiencies’, including pre-tax cost synergies of at least £100 million per year, which 888 says will lead to improved profit margins. On a pro …

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