888 Holdings now predicts the completion of its purchase of William Hill’s international operations in the second quarter of 2022. This represents a minor postponement from the original Q1 closure target, declared in November.

The firm’s most recent announcement states that a joint circular and prospectus, outlining the acquisition and funding, will be released in Q2. Subsequently, a shareholder vote will occur to authorize the transaction.

The funding strategy, originally presented in November, entails securing a total of £5 billion (approximately $6.755 billion) via a share offering.

With all essential antitrust and gaming regulatory clearances obtained, these outstanding actions are the last obstacles. The acquisition is projected to conclude once all requirements are fulfilled.

888 triumphed in a competitive bidding contest, reaching an accord with William Hill’s parent entity, Caesars Entertainment, on September 9th. The arrangement assigned a value of £2.2 billion to the bookmaker’s non-US holdings.

At the time, 888 CEO Itai Pazner lauded the acquisition as “a transformative and exhilarating juncture in 888’s history,” noting that “the merger will establish a global online wagering and gaming frontrunner with superior size, remarkable brands, enhanced diversification, and a foundation for robust expansion.”

A prominent betting and gaming corporation, 888, is divesting its bingo operations for a substantial $50 million. Acquiring the business is Saphalata Holdings, taking ownership of both the consumer-facing segment and the business-to-business division. Anticipated to conclude later this year, this transaction contributes to an already active year for 888.