888 Holdings acquires William Hill International
2 minutos de lectura
(London).- 888, one of the world's leading online gambling and betting companies, announces that it has reached an agreement with Caesars Entertainment, Inc. to acquire the international business (excluding the United States) of William Hill for an enterprise value of 2.2 billion pounds sterling.
The acquisition will create a global leader in online gambling and gaming by bringing together two highly complementary businesses and combining two of the industry's leading brands. The acquisition represents a transformational opportunity for 888 to significantly increase its volume, further diversify its product mix, and accelerate the upward shift in growing its revenue portfolio. The combination of 888 and William Hill International is expected to generate significant operating efficiencies including pre-tax cost synergies of at least £ 100 million per year leading to improved profit margins. On a pro forma normalized basis, the annual revenue of the expanded group adjusting its EBITDA in 2020 would have been $ 2,500 million and $ 464 million, respectively.
The newly built group will be strongly growth oriented with clear scale benefits and strong geographic and product diversification. With a focus on regulated markets, you will be able to offer clients world-class products backed by leading brands in betting and gaming, driving sustained growth and the creation of shareholder value in the medium and long term.
Categoría:Gaming
Tags: Sin tags
País: United Kingdom
Event
SBC Summit Americas 2025
13 de May 2025
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
Air Dice Revolutionizes iGaming with Nord Legends and Player Protection Technology
(Fort Lauderdale, SoloAzar Exclusive).- Air Dice presented its innovative Nord Legends line at SBC Summit Americas, combining Norse mythology with advanced game mechanics. The company is committed to AI and gamification to enhance the user experience. Read more about Air Dice's strategic focus and global growth in this interview with Rocio Moitino, Director for Latin America.
Wednesday 11 Jun 2025 / 12:00
Konami Gaming Expands Global Presence with K-Pow! Pig, iGaming Growth and AI Innovation
(Fort Lauderdale, SoloAzar Exclusive).- Konami Gaming is making waves in the industry with its latest game releases, strategic iGaming expansion, and cutting-edge AI technology. At SBC Summit Americas, Eduardo Aching, Vice President of International Gaming Operations, highlights the company's commitment to omnichannel availability, player engagement, and advanced casino management solutions. Read more in this article!
Tuesday 10 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.