Private equity circles William Hill’s European arm November 8, 2020 Buyout firms are once again circling William Hill, this time for its European operations following a deal with American firm Caesars Entertainment. In late September William Hill said it had given Caesars Entertainment the green light for a £2.9bn deal, which will be put to a shareholder vote on 19 November. Once shareholders have approved [...]
Betfred owner denies rival bid for William Hill October 4, 2020 Betfred co-founder Fred Done has pushed back against reports that he will make a rival bid for William Hill, which has already given the green light to a £2.9bn deal with Las Vegas casino owner Caesars Entertainment. Done, who is William Hill’s second-biggest investor, was weighing up “all options” this weekend, the Sunday Telegraph reported. [...]
William Hill shares surge as it confirms takeover proposals September 25, 2020 Shares in William Hill surged in afternoon trading after the betting giant confirmed it had been approached by two suitors over a potential takeover. In a statement the bookmaker said it had received separate cash proposals from buyout firm Apollo Global Management and casino operator Caesars Entertainment. William Hill said it received an initial proposal [...]
William Hill and Caesars Entertainment seal £2.9bn takeover deal September 30, 2020 William Hill today said it has given the green light to be acquired by Caesars Entertainment, in a £2.9bn deal that would hand the US casino giant a huge boost in America’s rapidly expanding sports betting industry. “The William Hill board believes this is the best option for William Hill at an attractive price for [...]
Champion Hurdle favourite Constitution Hill hits the High Street March 13, 2023 HORSE racing needs superstars and in the form of Constitution Hill, the favourite for this year’s Champion Hurdle, many are hoping we have found one. Based on what we’ve seen so far, notably his 22-length demolition job in last year’s Supreme Novices’ Hurdle, Nicky Henderson’s unbeaten six-year-old looks the real deal and he could easily [...]
Betting company 888 appoints Per Widerström as boss July 25, 2023 William Hill owner 888 has appointed Per Widerström as chief executive, six months after its former boss stepped down amid a money laundering probe at the gambling giant. Widerström will take the helm from October 16, the company announced, with the news prompting shares to spike just over 4 per cent. It comes after the [...]
William Hill to close 119 betting shops as profit plunges August 5, 2020 William Hill will permanently close 119 betting shops due a drop in retail footfall, the gambling firm said this morning as it revealed that profit plunged in the first half of the year. The figures William Hill posted an adjusted loss after tax of £11.1m, after reporting an £81.9m impairment charge following an assessment of [...]
Conservatives heading for triple by-election loss, bookies predict July 18, 2023 The Conservatives are tipped for a triple by-election loss this week as they prepare to do battle in three Tory seats, bookies have predicted. Voters in Uxbridge and South Ruislip, Selby and Ainsty and Somerton and Frome will head to the polls this Thursday to select new MPs. Ballots are expected to be an electoral [...]
Casino giant Caesars in ‘advanced discussions’ over £2.9bn William Hill takeover September 28, 2020 US casino giant Caesars Entertainment has confirmed it is in “advanced discussions” over a £2.9bn takeover deal of UK betting firm William Hill. Caesars has put forward a cash offer of 272p per share for the British bookmaker, which is 25 per cent higher than the company’s trading price last Thursday and a 57.6 per [...]
Gambling Commission chief says fines have caused industry ‘real distress’ September 5, 2023 The UK gambling watchdog’s boss has said escalating regulatory action and penalties have caused the industry some “real distress”.