From b9caaf372f87a79626a7ee57cd6f505076f7def7 Mon Sep 17 00:00:00 2001 From: lyndonvial0459 Date: Mon, 27 Oct 2025 02:32:45 +0800 Subject: [PATCH] Add 888 Agrees to Purchase William Hill European Business --- ...Purchase-William-Hill-European-Business.md | 25 +++++++++++++++++++ 1 file changed, 25 insertions(+) create mode 100644 888-Agrees-to-Purchase-William-Hill-European-Business.md diff --git a/888-Agrees-to-Purchase-William-Hill-European-Business.md b/888-Agrees-to-Purchase-William-Hill-European-Business.md new file mode 100644 index 0000000..c30453e --- /dev/null +++ b/888-Agrees-to-Purchase-William-Hill-European-Business.md @@ -0,0 +1,25 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
888 consents to purchase William Hill [European](https://worship.com.ng/antonfeliciano) business
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9 September 2021
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888 Holdings has actually consented to buy William Hill's European company from its US owner in a [deal worth](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=186025&item_type=active&per_page=16) ₤ 2.2 bn.
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The online gaming firm said the deal with casino giant [Caesars Entertainment](https://systemcheck-wiki.de/index.php?title=Benutzer:CharlinePratt) would consist of William Hill's 1,400 UK betting shops.
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888 president Itai Panzer stated the acquisition would "create among the world's leading online betting and video gaming groups".
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The deal is set to develop a combined group with more than 12,000 staff members.
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It will intend for savings of about ₤ 100m a year as a result of the purchase.
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888 said the acquisition would give it "substantially improved direct exposure to sports wagering, the world's largest and fastest growing online section, with [the yohaig code](https://pipewiki.org/wiki/index.php/User:KaleyVillarreal) addition of a renowned sports brand".
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It also said William Hill's High Street existence was a crucial element behind the move.
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Mr Panzer added: "Our techniques are likewise complementary, being digitally led, client focused, and dedicated to gamer security and raising market requirements around more secure gaming.
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"We are also excited about the opportunities that the [retail organization](https://music.michaelmknight.com/adanhallstrom9) provides and see significant brand benefits."
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William Hill president Ulrik Bengtsson said: "The William Hill and 888 strategies are highly complementary with an [absolute](https://www.kino-ussr.ru/user/Kandace51Y/) concentrate on the product and [client experience](https://wiki-comisiones.exactas.uba.ar/index.php/Usuario:Dannielle9793).
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"Scale is progressively essential in our sector and the mix of the organizations will provide an effective positioning of brand names and innovation."
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An auction for the non-US side of William Hill's company, which consists of online operations throughout the UK and Europe, was [initiated](https://bk-house.synology.me3081/dianahaly8341) by Caesars Entertainment after it had gotten the [gambling](https://wiki-comisiones.exactas.uba.ar/index.php/Usuario:Dannielle9793) giant in April for ₤ 2.9 bn.
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The Caesars Palace casino owner only [desired](https://gitlab.tu-dortmund.de/leonardkidd162) the firm's US [operations](https://gitlab.cranecloud.io/clarabosch8916) and stated from the beginning that it meant to offer other parts of business once the offer had actually gone through, sparking a race to purchase.
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Tom Reeg, primary executive of [Caesars](http://knowledge.thinkingstorm.com/UserProfile/tabid/57/userId/2206627/Default.aspx) Entertainment, stated that he was "delighted" the firm had "discovered an owner for the William Hill organization outside the US which shares the very same goals, techniques and longer-term ambitions of that company".
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US personal equity firm Apollo was also in the running for [the yohaig code](http://azena.co.nz/bbs/board.php?bo_table=free&wr_id=4179020) purchase of the European company.
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888's takeover is still subject to investor approval, and it will also require to be given the consent by the Financial Conduct Authority.
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Lord Jon Mendelsohn, chair of 888, said: "We think the acquisition will develop considerable worth for investors, creating a combined service with leading technology, products and brands throughout sports betting, video gaming and poker, supported by leading quality management talent from both organizations."
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Founded in 1934, the [William Hill](https://www.kino-ussr.ru/user/Kandace51Y/) brand started when its [founder](https://git.mista.ru/effiecym26974) set up a postal and business.
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It opened its first wagering stores in the UK in the mid-1960s, quickly after their existence on High [Streets](https://kolovrat.tv/@isobel50186161?page=about) was made legal.
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[Questions](https://x.com/YohaigNG/status/1845872747924123782) had actually been raised about the worth of the brand name's bricks-and-mortar shops, which were mostly closed during the pandemic.
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In August in 2015, the [business](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=188847&item_type=active&per_page=16) said it would not be reopening 119 of its wagering shops after coronavirus lockdowns, [stating](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) it did not expect customers to return in [the yohaig code](https://git2.ujin.tech/kendallprim84) numbers seen before the pandemic.
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William Hill to close 119 betting shops
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5 August 2020
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