888, Acquires William Hill From Caesars Entertainment

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888, one of the world's top online betting and gaming companies, announced a deal with Caesars Entertainment, Inc. to acquire William Hill's international (non-U.S.) business at an enterprise value of £2.2 billion.

The acquisition will consolidate two highly complementary businesses and combine two of the industry's top brands to create a global online betting and gaming leader. The acquisition represents an innovative opportunity for 888 to significantly scale up, further diversify its product mix, and accelerate the upward transformation of its revenue growth profile. The combination of 888 and WHI is expected to deliver significant operational efficiencies, including annual pretax cost synergies of at least 100 million pounds, leading to improved revenue margins. On a normalized basis, 2 Expansion Group's full-year revenue and adjusted EBITDA for 2020 were $2.5 billion and $464 million, respectively. 카지노사이트 모음

The expansion group will be strong growth-oriented, benefiting from clear scale benefits and strong product and geographic diversification. With a focus on regulatory markets, the group will be able to deliver world-class products to its customers, supported by leading betting and gaming brands, while driving continued growth and shareholder value creation over the medium to long term. < Backward