{"id":201,"date":"2024-06-18T06:44:45","date_gmt":"2024-06-18T03:44:45","guid":{"rendered":"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/18\/888-holdings-expects-q2-2022-completion-of-william-hill-international-acquisition\/"},"modified":"2024-06-20T17:08:05","modified_gmt":"2024-06-20T14:08:05","slug":"888-holdings-expects-q2-2022-completion-of-william-hill-international-acquisition","status":"publish","type":"post","link":"https:\/\/dreamscasinobonusnodeposit.icu\/2024\/06\/18\/888-holdings-expects-q2-2022-completion-of-william-hill-international-acquisition\/","title":{"rendered":"888 Holdings Expects Q2 2022 Completion of William Hill International Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-ZFrk7QNJ48\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings now predicts the completion of its purchase of William Hill&#8217;s international operations in the second quarter of 2022. This represents a minor postponement from the original Q1 closure target, declared in November.<\/p>\n<p>The firm&#8217;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.<\/p>\n<p>The funding strategy, originally presented in November, entails securing a total of \u00a35 billion (approximately $6.755 billion) via a share offering.<\/p>\n<p>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.<\/p>\n<p>888 triumphed in a competitive bidding contest, reaching an accord with William Hill&#8217;s parent entity, Caesars Entertainment, on September 9th. The arrangement assigned a value of \u00a32.2 billion to the bookmaker&#8217;s non-US holdings.<\/p>\n<p>At the time, 888 CEO Itai Pazner lauded the acquisition as &#8220;a transformative and exhilarating juncture in 888\u2019s history,&#8221; noting that &#8220;the merger will establish a global online wagering and gaming frontrunner with superior size, remarkable brands, enhanced diversification, and a foundation for robust expansion.&#8221; <\/p>\n<p>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. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >888 Holdings now predicts the completion of its purchase of William Hill&#8217;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&#8217;s most recent announcement states that a joint circular and [&hellip;]<\/p>\n","protected":false},"author":55,"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 Delays William Hill Acquisition to Q2 2022<\/title>\n<meta name=\"description\" content=\"888 Holdings pushes back the completion of its William Hill international acquisition to Q2 2022. 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