888 runs out of luck: Revenues drop as betting giant completes William Hill acquisition August 12, 2022 888’s revenue and profit fell in the second quarter as it completed the acquisition of betting company William Hill. The betting and gaming company suffered a 13 per cent revenue decline to £332.1m from £380.9m in the first quarter of last year. Stricter gambling laws in the UK and the closure of the Netherlands led [...]
Lucky hand: 888 to complete William Hill takeover by end of June following shareholder approval May 16, 2022 Gambling giant 888 is expected to complete its takeover of William Hill sometime “on or around” 30 June following a successful shareholders seal of approval.
888 bets big on William Hill with £2.2bn acquisition September 9, 2021 888, a world leading online betting company, beat the odds to snap up William Hill in a £2.2bn acquisition. 888 saw off fierce competition from Apollo Global Management and CVC Capital Partners to purchase the UK betting company which has over 1,400 retail betting shops across the country. The acquisition will create a global online [...]
888 shares dive as gambling red tape causes bookie revenue to tumble January 17, 2024 William Hill owner 888 has said a move away from dotcom markets and increased gambling red tape caused a drop in revenues in 2023.
Ladbrokes owner mulls swoop for William Hill’s UK betting shops July 4, 2021 The owner of Ladbrokes and Coral is assessing William Hill’s European business in a potential sign it will make a bid for the bookmakers’ UK betting shops. Entain, which also owns bwin and Partypoker, is reportedly running the rule over William Hill as it looks to sell off its European assets. However, the Sunday Telegraph [...]
Betting giant 888 on track to complete £2.2bn takeover of William Hill’s European business early next year November 30, 2021 Online betting firm 888 has said it expects to complete its £2.2bn takeover of William Hill’s European business in the first quarter of 2022 after “strong progress”. The two firms agreed the deal in September, which will return its 1,400 betting shops to British hands. 888 told shareholders that it has now received all mandatory [...]
UK court clears William Hill’s £2.9bn Caesars takeover April 20, 2021 William Hill today said its £2.9bn takeover by US casino group Caesars Entertainment had been cleared by a UK court despite shareholder protests. The bumper merger had been held up by a court hearing after minority shareholder HBK Capital Management raised concerns about disclosures relating to the deal. HBK and fellow US hedge fund GWM [...]
William Hill profits slump as betting giant takes pandemic hit March 4, 2021 British bookmaker William Hill, currently in the process of being acquired by Caesars Entertainment, posted a steep fall in profit last year. Its adjusted pre-tax profit fell 91 percent to £9.1m in 2020. The firm saw net revenue fall by 16 per cent as the pandemic disrupted live sporting events and shut its betting shops. [...]
Covid drives £30m loss at William Hill betting shops January 13, 2021 William Hill suffered a £30m loss in its retail business in 2020, with all 1,414 of its shops affected by coronavirus restrictions. When open and trading without restrictions the retail side of the betting business traded well, and at the end of the third quarter it was on course to break even for the year. [...]
William Hill warns new lockdowns will hit profit October 21, 2020 Bookmaker William Hill (WMH) has warned that the UK’s new coronavirus restrictions could hit profits as it posted a nine per cent drop in third-quarter revenue. The bookie said it had an “encouraging” third quarter, with a “rapid recovery in UK retail” as footfall grew. But it cautioned that new restrictions would set it back. [...]