{"id":132,"date":"2024-06-15T04:54:26","date_gmt":"2024-06-15T01:54:26","guid":{"rendered":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/"},"modified":"2024-06-17T12:46:45","modified_gmt":"2024-06-17T09:46:45","slug":"888-holdings-wins-bidding-war-for-william-hills-european-operations","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/","title":{"rendered":"888 Holdings Wins Bidding War for William Hill&#8217;s European Operations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/l-emnMyeeik\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>As reported by The Times, the online gaming powerhouse, 888 Holdings, has triumphed in the contest to purchase the European division of William Hill.<\/p>\n<p>888&#8217;s successful offer, surpassing \u00a32 billion (equivalent to $2.76 billion), outflanked competing bidder Apollo Global Management.  This acquisition encompasses William Hill&#8217;s assets in Europe, which were placed on the market by Caesars Entertainment soon after their monumental \u00a32.9 billion purchase of the entire William Hill group \u2013 a strategic decision to divest the UK-centric portion of the enterprise.<\/p>\n<p>Early projections estimated the European branch of William Hill to be valued around \u00a31.5 billion.  However, the race for this prize quickly escalated as numerous global contenders in the sports wagering and casino gaming sector entered the fray.<\/p>\n<p>Prior reports suggested interest from Tipico, a German betting behemoth, along with other industry titans such as Apollo Global Management and Betfred.<\/p>\n<p>The pool of potential buyers shrunk to a three-way competition between Apollo, 888, and a consortium spearheaded by CVC Capital Partners that included Tipico after Advent International bowed out.<\/p>\n<p>Although Apollo was considered a leading candidate and CVC possessed previous dealings with William Hill, their proposal ultimately fell short.  This left 888 and Apollo as the final two, with 888 ultimately securing the agreement. <\/p>\n<p>To date, neither 888 nor William Hill have issued a formal statement regarding the acquisition discussions.  However, in the course of last week&#8217;s earnings report, 888&#8217;s CEO Itai Pazner suggested their interest, noting that they are &#8220;favorably situated, possessing a robust brand collection and prepared for expanded capacity. We maintain a strong financial standing to facilitate additional expansion and are strategically positioned to capitalize on appealing prospects that align with our current growth trajectory.&#8221;<\/p>\n<p>Although the outlook for William Hill&#8217;s wagering establishments remains unclear, 888 has previously implied that they could potentially maintain operations of the physical retail aspect of the enterprise. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>As reported by The Times, the online gaming powerhouse, 888 Holdings, has triumphed in the contest to purchase the European division of William Hill. 888&#8217;s successful offer, surpassing \u00a32 billion (equivalent to $2.76 billion), outflanked competing bidder Apollo Global Management. This acquisition encompasses William Hill&#8217;s assets in Europe, which were placed on the market by [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Wins Bidding War for William Hill<\/title>\n<meta name=\"description\" content=\"Outbidding rivals, 888 Holdings secures William Hill\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Wins Bidding War for William Hill&#039;s European Operations\" \/>\n<meta property=\"og:description\" content=\"Outbidding rivals, 888 Holdings secures William Hill\" \/>\n<meta property=\"og:url\" content=\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in a World of Licensed Online Casino Thrills\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T01:54:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:46:45+00:00\" \/>\n<meta name=\"author\" content=\"Alexander &quot;Axe&quot; Harris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander &quot;Axe&quot; Harris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/\",\"url\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/\",\"name\":\"888 Holdings Wins Bidding War for William Hill\",\"isPartOf\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-15T01:54:26+00:00\",\"dateModified\":\"2024-06-17T09:46:45+00:00\",\"author\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#\/schema\/person\/7cd6f09fa182ea6c4822e618314893eb\"},\"description\":\"Outbidding rivals, 888 Holdings secures William Hill\",\"breadcrumb\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-wins-bidding-war-for-william-hills-european-operations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 Holdings Wins Bidding War for William Hill&#8217;s European Operations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/\",\"name\":\"Immerse Yourself in a World of Licensed Online Casino Thrills\",\"description\":\"Unleash your gambling potential with the help of our latest casino news, game reviews, and informative articles. 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