commit e6c38606560b2611a39c57127001301f56a1d24a Author: murraywithrow9 Date: Sat Oct 18 08:04:39 2025 +0000 Add 888 Consents to Purchase William Hill European Business diff --git a/888-Consents-to-Purchase-William-Hill-European-Business.md b/888-Consents-to-Purchase-William-Hill-European-Business.md new file mode 100644 index 0000000..d969067 --- /dev/null +++ b/888-Consents-to-Purchase-William-Hill-European-Business.md @@ -0,0 +1,25 @@ +
888 accepts buy William Hill European service
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9 September 2021
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888 Holdings has actually consented to purchase William [Hill's European](http://baylan.la.asu.edu3000/zenaidawillshi) service from its US owner in a [deal worth](https://vmi456467.contaboserver.net/geniacisco829) ₤ 2.2 bn.
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The online betting company said the handle casino giant Caesars Entertainment would [consist](https://saga.iao.ru3043/terrancehalley) of William Hill's 1,400 UK [wagering stores](http://baylan.la.asu.edu3000/zenaidawillshi).
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888 [president](https://alumni.myra.ac.in/read-blog/449675_unlock-bet9ja-039-s-league-free-bets-the-yohaig-promotion-code-advantage.html) Itai Panzer said the acquisition would "develop 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 go for cost savings of about ₤ 100m a year as a result of the .
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888 said the acquisition would give it "considerably boosted direct exposure to sports betting, the world's largest and fastest growing online segment, with the addition of an iconic sports brand".
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It likewise stated William Hill's High Street existence was an important [element](https://vmi456467.contaboserver.net/geniacisco829) behind the relocation.
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Mr Panzer added: "Our methods are also complementary, being digitally led, client focused, and committed to player defense and raising industry requirements around safer betting.
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"We are also [thrilled](https://git.dushes.keenetic.pro/marquitabowens) about the opportunities that the retail organization supplies and see significant brand benefits."
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William Hill chief executive Ulrik Bengtsson stated: "The William Hill and 888 strategies are [highly complementary](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) with an absolute concentrate on the item and consumer experience.
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"Scale is progressively important in our sector and the mix of the services will provide an effective alignment of brands and technology."
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An auction for the non-US side of [William Hill's](https://alumni.myra.ac.in/read-blog/449675_unlock-bet9ja-039-s-league-free-bets-the-yohaig-promotion-code-advantage.html) service, that includes online operations across the UK and Europe, was initiated by [Caesars Entertainment](https://dev.neos.epss.ucla.edu/wiki/index.php?title=Unlock_Bet9ja_s_League_Free_Bets:_The_YOHAIG_Promotion_Code_Advantage) after it had actually gotten the gaming giant in April for ₤ 2.9 bn.
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The Caesars Palace gambling establishment owner just wanted the company's US operations and stated from the beginning that it meant to [bet9ja's welcome offer](http://ysx.myds.me:3005/ronnysnoddy476) other parts of the [service](https://x.com/YohaigNG/status/1845872747924123782) once the deal had actually gone through, sparking a race to purchase.
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Tom Reeg, president of Caesars Entertainment, said that he was "pleased" the firm had actually "discovered an owner for the William Hill organization outside the US which shares [the yohaig code](https://dev.neos.epss.ucla.edu/wiki/index.php?title=Unlock_Bet9ja_s_League_Free_Bets:_The_YOHAIG_Promotion_Code_Advantage) exact same goals, methods and longer-term ambitions of that service".
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US private equity firm Apollo was also in the running for the purchase of the European organization.
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888's takeover is still based on investor approval, and it will likewise need to be given the consent by the Financial Conduct [Authority](https://git.dushes.keenetic.pro/marquitabowens).
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Lord Jon Mendelsohn, chair of 888, stated: "Our company believe the acquisition will create considerable worth for shareholders, developing a combined company with leading technology, products and brands across sports betting, gaming and poker, supported by top-notch management skill from both services."
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Founded in 1934, the William Hill brand began when its creator established a postal and phone-based betting company.
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It opened its very first wagering stores in the UK in the mid-1960s, soon after their existence on High [Streets](https://systemcheck-wiki.de/index.php?title=Bet9ja_Promotion_Code:_YOHAIG_-_A_Step-by-Step_Guide_To_The_Bet9ja_League_Free_Bets) was made legal.
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Questions had been raised about the worth of the brand name's bricks-and-mortar stores, which were largely closed during the pandemic.
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In August in 2015, the company stated it would not be reopening 119 of its [wagering shops](https://systemcheck-wiki.de/index.php?title=Bet9ja_Promotion_Code:_YOHAIG_-_A_Step-by-Step_Guide_To_The_Bet9ja_League_Free_Bets) after coronavirus lockdowns, saying it did not [anticipate consumers](https://systemcheck-wiki.de/index.php?title=Bet9ja_Promotion_Code:_YOHAIG_-_A_Step-by-Step_Guide_To_The_Bet9ja_League_Free_Bets) to return in the numbers seen before the pandemic.
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William Hill to close 119 betting stores
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5 August 2020
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