{"id":67,"date":"2024-06-12T20:35:21","date_gmt":"2024-06-12T17:35:21","guid":{"rendered":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/"},"modified":"2024-06-17T12:57:37","modified_gmt":"2024-06-17T09:57:37","slug":"888-holdings-secures-william-hills-european-operations-in-2-billion-deal","status":"publish","type":"post","link":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/","title":{"rendered":"888 Holdings Secures William Hill&#8217;s European Operations in \u00a32 Billion Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-ZFrk7QNJ48\"\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 prominent online wagering firm 888 Holdings has emerged victorious in the contest to purchase William Hill&#8217;s continental business. 888&#8217;s successful offer exceeded \u00a32 billion (equivalent to $2.76 billion), surpassing competing proposals, most significantly from the private equity group Apollo Global Management.<\/p>\n<p>The situation originated when Caesars Entertainment acquired William Hill for a substantial \u00a32.9 billion, marking one of the largest transactions the gaming sector had witnessed. Nevertheless, Caesars promptly opted to divest William Hill&#8217;s European divisions, which they perceived as less lucrative.<\/p>\n<p>Initially, projections estimated the sale of William Hill&#8217;s European branch at approximately \u00a31.5 billion. However, the situation escalated rapidly as numerous global contenders in the sports wagering and internet casino realm entered the fray.<\/p>\n<p>Earlier this year, rumors circulated that Tipico, a German betting powerhouse, was also in contention. Other prominent entities like Apollo Global Management and Betfred were also expressing interest.<\/p>\n<p>For a period, it was a three-way competition between Apollo, 888, and a joint proposal from CVC Capital Partners and Tipico, particularly after another contender, Advent International, withdrew.<\/p>\n<p>While Apollo was considered the leading candidate for a while, and CVC possessed the advantage of familiarity with William Hill from prior ownership, ultimately, it was 888 that prevailed over Apollo in the final one-on-one showdown. <\/p>\n<p>Despite 888 Holdings and William Hill staying mum about their latest agreement last week, 888&#8217;s chief executive, Itai Pazner, alluded to their future endeavors. He indicated that 888 possesses a robust foundation for growth, citing a strong financial standing and a thriving internal expansion plan. This implies that 888 is poised to capitalize on prospects, potentially encompassing the assimilation of William Hill&#8217;s holdings.<\/p>\n<p>Although the destiny of William Hill&#8217;s wagering establishments remains uncertain, 888&#8217;s prior suggestions of retaining a physical footprint imply they could preserve a portion of these brick-and-mortar sites. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>As reported by The Times, the prominent online wagering firm 888 Holdings has emerged victorious&hellip;<\/p>\n","protected":false},"author":29,"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=\"The online betting giant 888 Holdings has secured a deal to acquire 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:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Secures William Hill&#039;s European Operations in \u00a32 Billion Deal\" \/>\n<meta property=\"og:description\" content=\"The online betting giant 888 Holdings has secured a deal to acquire William Hill\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Latest Casino Trends &amp; News | Licensed Platform\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T17:35:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:57:37+00:00\" \/>\n<meta name=\"author\" content=\"Andrew &quot;Ace&quot; Bailey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andrew &quot;Ace&quot; Bailey\" \/>\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:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/\",\"url\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/\",\"name\":\"888 Holdings Wins Bidding War for William Hill\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-12T17:35:21+00:00\",\"dateModified\":\"2024-06-17T09:57:37+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#\/schema\/person\/49e38b703ada7b0773d99b01f9406a3e\"},\"description\":\"The online betting giant 888 Holdings has secured a deal to acquire William Hill\",\"breadcrumb\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/12\/888-holdings-secures-william-hills-european-operations-in-2-billion-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 Holdings Secures William Hill&#8217;s European Operations in \u00a32 Billion Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/\",\"name\":\"Discover the Latest Casino Trends &amp; News | Licensed Platform\",\"description\":\"Discover the dynamic world of online gambling through our fresh casino news, honest game reviews, and informative insights. 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