Caesars Entertainment revises agreement to sell William Hill non-US assets to 888

7 April 2022

(PRESS RELEASE) -- Caesars Entertainment, Inc. today announced a revised agreement to sell the non-US assets of William Hill to 888 Holdings Plc for a revised enterprise value of between £1.95 billion and £2.05 billion. The revised agreement reflects a £250 million reduction in consideration payable at closing and Caesars being entitled to receive up to £100 million as deferred consideration subject to the enlarged business of 888 Holdings Plc meeting certain 2023 financial targets.

After the repayment of debt and other working capital adjustments and subject to customary closing purchase price adjustments, Caesars expects to receive net proceeds from the transaction at closing of approximately £585 million or $785 million.

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 in June 2022.

Deutsche Bank and Linklaters LLP represented Caesars on the transaction.


Related Links
evoke

FEATURED iGAMING SUPPLIERS
casino-city-press
mondogaming-srl
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
fast-offshore
innovative-configuration-int
Fast Offshore
Online Gaming License covers all types: bingo, casino, eSports, lottery, poker, sportsbetting & more
Innovative Configuration Int.
I-Games Anywhere-Anytime - Win Product-Service-Activity-Attraction Discounts at Favorite Casinos.
casino-web-scripts
global-gaming-expo-g2e
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Your Guide to 3,814 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook