Tag Archives: CVC

888 wins transformative buyout of William Hill heritage assets

888 Holdings is reportedly the winning party of the hotly contested auction for William Hill’s combined UK and European business assets – put up for sale by Caesars Entertainment.  As reported by The Times, Caesars has accepted a +£2 billion buyout offer put forward by 888, out-bidding US private equity fund Apollo Global as the auction’s last remaining suitor.    Coordinated …

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Tipico and CVC enter William Hill offcut chase  

Tipico, Germany’s biggest betting firm, is reported to be ‘among the frontrunners’ vying to acquire William Hill’s UK and European offcuts, put up for sale by Caesars Entertainment. As reported by Sky News this afternoon, ‘City sources’ have disclosed that Tipico tabled a ‘credible offer to Caesars’ – who have priced William Hill’s surplus units at a combined value of …

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CVC Capital braces Sky Betting and Gaming for stock market flotation

The majority owner of Sky Betting and Gaming, CVC Capital is contemplating the possibility of a stock market flotation of the Leeds-based online betting operator. According to Reuters, the equity firm is looking to capitalise on soaring thriving equity markets and the continuing popularity of online betting, hiring investment bank Rothschild to examine whether a stock market listing of the British …

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Betcade returns to business having secured critical funding

Betcade the ‘real-money’ dedicated gaming/gambling app store has returned to business having gained critical investment from Vancouver-based private equity firm Columbia Ventures Corporations (CVC).  At the start of the year, Batcade management had issued a corporate statement informing industry stakeholders that the company had ceased its operations. At the time Betcade management did not disclose any specific reason as to …

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Scott Longley – Ghost Men: CVC Capital nets a hattrick of industry buyouts….

Having agreed to acquire Italian bookmaker Sisal for €1 billion, private equity firm CVC Capital Partners acquires its third gambling operator in less than two years. Having spent + €3 billion on European betting operators, Scott Longley  gauges the impact and motives for this PE giant extending its influence within the sector _________________________ The latest acquisition by private equity house …

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