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Announced

Completed

888 Holdings completed the acquisition of the non-US assets of William Hill from Caesars Entertainment for £2.05bn.

Financials

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Transaction Value£2,050m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.2x
EV/EBITDA6.53x
Share Price Premium-
One Off Charge-

Tags

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Casinos and Gambling

gambling and casinos

Acquisition

United Kingdom

Domestic

Majority

Friendly

Private

Single Bidder

Completed

Synopsis

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888 Holdings, a public company which owns several popular gambling brands and websites, completed the acquisition of the non-US assets of William Hill, an online gambling company, from Caesars Entertainment, an American casino and hotel company, for £2.05bn ($2.8bn). "This combination brings together two high quality businesses to create a powerful, global betting and gaming business. We believe the acquisition will create significant value for shareholders, creating a combined business with leading technology, products and brands across sports betting and gaming. With a top quality management team, formed from talent from across both businesses, I am confident about our future plans," Lord Mendelsohn, 888 Holdings Chairman.

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