{"id":21,"date":"2024-06-11T00:44:18","date_gmt":"2024-06-10T21:44:18","guid":{"rendered":"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/"},"modified":"2024-06-12T10:38:49","modified_gmt":"2024-06-12T07:38:49","slug":"888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition","status":"publish","type":"post","link":"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/","title":{"rendered":"888 Holdings Embarks on a Transformative Journey with William Hill Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/bELvAxCmj4w\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The head of 888, Itai Pazner, joined by Chief Strategy Officer, Vaughan Lewis, and CFO, Yariv Dafna, hosted a call to discuss the massive effect of their latest purchase of William Hill&#8217;s operations outside the US. Pazner celebrated it as a &#8220;landmark day&#8221; for the business.<\/p>\n<p>News of the \u00a32.2 billion (roughly $3 billion) agreement with Caesars Entertainment broke mere hours before the call. Caesars had secured William Hill in April 2021 for \u00a32.9 billion but swiftly moved to divest the European portion of the UK bookmaking powerhouse. This sparked a bidding frenzy, with Tipico, Apollo Global Management, and Betfred all competing for the prize. In the end, 888 emerged triumphant.<\/p>\n<p>Pazner conveyed immense excitement about the deal, stating, &#8220;The union of 888 and William Hill is an ideal pairing, generating substantial value for our investors.&#8221; He stressed the comprehensive due diligence performed, highlighting the strategic edge and attractive financial gains this acquisition presents.<\/p>\n<p>Mirroring this feeling, Lewis noted that the concept had been circulating for some time, saying, &#8220;This merger has been discussed numerous times over time, and it&#8217;s fantastic to be part of bringing these exceptional companies together.&#8221; <\/p>\n<p>The fusion of 888 and William Hill has generated considerable enthusiasm, and with good cause. The strategic thinking underpinning the move is highly persuasive.<\/p>\n<p>888&#8217;s head of strategy emphasized the possibilities presented by the unified entity&#8217;s income channels and the primary regions they intend to pursue. This agreement establishes a highly varied revenue composition \u2013 in reality, it is projected to multiply revenue by a factor of five.<\/p>\n<p>Moreover, this amalgamation substantially bolsters the group&#8217;s standing in crucial regulated sectors. The consolidated company will rank among the top three contenders in the United Kingdom, Italy, and Spain. This merger has been anticipated for some time, and it is thrilling to witness these two industry giants finally uniting.<\/p>\n<p>Apart from the initial expansion in those three markets, six additional regions \u2013 Germany, Canada, the Netherlands, Romania, Denmark, and Ireland \u2013 hold immense promise, collectively representing approximately $7.5 billion. The merged company is well-situated to emerge as a dominant force in these markets as well.<\/p>\n<p>From a financial standpoint, the transaction is appraised at \u00a32.2 billion, encompassing \u00a3100 million in capitalized lease expenses, resulting in an actual transaction value of \u00a32 billion. <\/p>\n<p>The firm must secure \u00a31 billion in funding to finalize the purchase of William Hill&#8217;s assets outside the United States. The CFO of 888 remarked that this sum constitutes an &#8220;attractive offer for a top-tier property.&#8221;<\/p>\n<p>A significant obstacle persists: obtaining the green light from stakeholders. This pivotal ballot is scheduled for the initial quarter of 2022.  Despite this, there&#8217;s a sense of hopefulness.  Preliminary signs point towards &#8220;robust backing from shareholders,&#8221; potentially clearing the path for a takeover by mid-2022.<\/p>\n<p>Crucially, this acquisition will not disrupt 888&#8217;s ambitious expansion strategy for the US market. These aspirations rely on a recently established collaboration with Sports Illustrated (SI) sportsbook, which debuted in Colorado.<\/p>\n<p>\u201cSI is a dominant brand within the US, boasting a vast and loyal audience,&#8221;  elaborated 888&#8217;s chief executive. This alliance facilitates a highly targeted and calculated US investment, capitalizing on SI&#8217;s brand awareness and scope to efficiently onboard customers and cultivate a lucrative enterprise over time.<\/p>\n<p>He continued, &#8220;We are incredibly enthusiastic about the prospect of accelerating our US growth trajectory, penetrating additional states while welcoming the wealth of sports wagering expertise that the William Hill team contributes, including their prior US involvement.&#8221;<\/p>\n<p>The call concluded optimistically, with the CEO stressing, &#8220;This is an extremely attractive transaction for both 888 and William Hill International.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of 888, Itai Pazner, joined by Chief Strategy Officer, Vaughan Lewis, and CFO, Yariv Dafna, hosted a call to discuss the massive effect of their latest purchase of William Hill&#8217;s operations outside the US. Pazner celebrated it as a &#8220;landmark day&#8221; for the business. News of the \u00a32.2 billion (roughly $3 billion) agreement [&hellip;]<\/p>\n","protected":false},"author":52,"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 Roars with William Hill Acquisition - Landmark Deal<\/title>\n<meta name=\"description\" content=\"A landmark day indeed! 888 Holdings CEO heralds the massive impact of acquiring 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:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Holdings Embarks on a Transformative Journey with William Hill Acquisition\" \/>\n<meta property=\"og:description\" content=\"A landmark day indeed! 888 Holdings CEO heralds the massive impact of acquiring William Hill\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Gaming | Licensed &amp; Trusted\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T21:44:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:38:49+00:00\" \/>\n<meta name=\"author\" content=\"Connor &quot;Colt&quot; Hughes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Connor &quot;Colt&quot; Hughes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/\",\"url\":\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/\",\"name\":\"888 Holdings Roars with William Hill Acquisition - Landmark Deal\",\"isPartOf\":{\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-10T21:44:18+00:00\",\"dateModified\":\"2024-06-12T07:38:49+00:00\",\"author\":{\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/#\/schema\/person\/ad5e9971c33fdff6f580e11ba95fd767\"},\"description\":\"A landmark day indeed! 888 Holdings CEO heralds the massive impact of acquiring William Hill\",\"breadcrumb\":{\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/2024\/06\/11\/888-holdings-embarks-on-a-transformative-journey-with-william-hill-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/uptownacesnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"888 Holdings Embarks on a Transformative Journey with William Hill Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uptownacesnodepositbonus.icu\/#website\",\"url\":\"https:\/\/uptownacesnodepositbonus.icu\/\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Trusted\",\"description\":\"Discover a world of exciting opportunities in online gambling with our regularly updated news, in-depth reviews, and informative insights. 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