William Hill acquisition

888 Holdings has said that its acquisition of William Hill’s non-US assets will be complete in Q2 of this year, after initially stating it expects to close the purchase in the first quarter.

In an announcement on the final day of 2021, the company stated that it expects to publish a combined circular and prospectus for the acquisition and raising of capital during the second quarter, with a shareholder vote to follow.

The acquisition of William Hill’s non-US business from Caesars Entertainment for £2.2 billion (€2.57 billion) was announced in September, and was hailed by 888 CEO Itai Pazner as “hugely exciting.”

The purchase is 888’s largest since its listing in 2005 and will give the online betting group access to 1,400 betting shops across Britain, as in-store comes back with a bang following a pandemic pause.

In November, the company revealed how it would be raising some £500 million in funds by issuing new equity.

The transaction is expected by Mr Pazner to create one of the world’s leading online betting and gaming groups, with “superior scale, exceptional brands, increased diversification and a platform for strong growth.”

The move comes as 888 has agreed to sell its B2C and B2B bingo business for $50 million (€44 million), in a sale also scheduled to be completed in Q2.

Continue Reading

Eaton Gate Gaming appoints Garry McGibbon as director of acquisition

22 May 2024
by iGamingCapital.mt

As Director of Acquisition, McGibbon will lead the marketing services company based in Gibraltar, Spryme Limited

‘Cybersift strikes a fine balance between security and user experience’ – CEO Brian Zarb Adami

21 May 2024
by Ramona Depares

Brian believes that the best security measures are invisible and don’t interfere with the user flow

AceOdds acquired by Better Collective

20 May 2024
by iGamingCapital.mt

Established in 2008, AceOdds was founded with the aim of providing UK sports enthusiasts with an easy-to-use betting calculator

Playnetic strengthens European presence with licence to operate in Sweden  

17 May 2024
by iGamingCapital.mt

'Since launching in early 2023, Playnetic has been exploring expansion opportunities in Europe to penetrate new markets,' says Playnetic CEO Dan Phillips

See more