Zona de Azar UK – 888 Indicates Interest In William Hill’s European Business

UK.- October 02, 2020 www.zonadeazar.com 888 Holdings which has just announced vastly improved results over expectations has said that it would be very interested in any sale of William Hill’s European assets, meaning if Caesars decided to sell off the European online gambling arm it would take part in the bidding for it.

Caesars Entertainment has had an offer of £2.9 billion accepted by the Board at William Hill and although it has to be agreed by shareholders the deal is almost certain to go ahead and finalised in the second quarter of 2021.

The US casino giant has already indicated that once the deal has been completed it would look for a buyer for the UK and European arm of its business and focus solely on the US market. Many believed this just to be the retail business of William Hill and this is still a question mark, however 888 Holdings has already indicated that if this was also the online gaming business in Europe then they would be extremely interested.

Indeed 888 along with Rank Group tabled an offer for William Hill back in 2016 but were rebuked and the following year 888 went again on its own for William Hill but once again failed. So the interest from 888 has always been real from the company guided by CEO Itai Pazner.

It is unlikely that Rank Group would again join with 888 in a bid for the European assets of William Hill and also very unlikely that 888 would want William Hill’s retail business, but the online arm of the company is certainly something 888 with its healthy profits and revenues would certainly go for.

That is what Itai Pazner, chief executive of 888, said, the company was “in a good position to make acquisitions”. “We are going to look at any asset that can be relevant for us, and within that list, if that opportunity to buy William Hill’s assets comes our way that could be relevant for us.”

Editó: @_fonta   www.zonadeazar.com