Caesars Entertainment agrees to sell William Hill to 888 Holdings

9 September 2021

(PRESS RELEASE) -- Caesars Entertainment, Inc. today announced an agreement to sell the non-U.S. assets of William Hill to 888 Holdings Plc for approximately £2.2 billion. After the repayment of debt and other working capital adjustments, Caesars expects to receive net proceeds from the transaction of approximately £835mm or $1.2 billion. The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars' expectation is that the transaction should close during the first quarter of 2022.

"I'd like to personally thank Ulrik and all of the team at William Hill for their professionalism and dedication while they have been part of Caesars and particularly during the sale process. I am delighted that, as we said we would when we announced the offer for William Hill PLC, we have found an owner for the William Hill business outside the US which shares the same objectives, approaches and longer-term ambitions of that business," said Tom Reeg, CEO of Caesars Entertainment, Inc.

Deutsche Bank and Linklaters LLP represented Caesars on the transaction.


Related Links
evoke

FEATURED iGAMING SUPPLIERS
casino-web-scripts
ocr-online-casino-reports
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
igpixel
house-tech-ads
Igpixel
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
gamblerspick
casino-city-press
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
mondogaming-srl
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
Your Guide to 3,564 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook