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CVC Capital Partners Looking to Acquire William Hill
MERGER RUMOURS ABOUND FOLLOWING FAILURE OF WILL HILL ACQUISITION ATTEMPT (Update)
CVC Capital Partners punted as next suitor for UK gambling group.
The failure of the GBP 3.4 billion 888-Rank acquisition bid for William Hill plc has triggered a wave of speculation in the UK media over the weekend, with analysts suggesting that the next suitor for the online and land gambling group could be private equity giant CVC Capital Partners.
Observers point out that CVC has a keen interest in the gambling sector, having recently snapped up a majority stakes in German sports betting company Tipico and Italian gaming and payments operator Sisal Group.
CVC has thus far declined to comment on the speculative reports, and some analysts have opined that there could be other potential buyers "running their numbers" and about to make offers as consolidation fever continues to grip the industry.
William Hills position as the biggest UK bookmaker is already under threat from the imminent GBP 2.3 billion Ladbrokes-Coral merger, and the 400 retail betting shops the conglomerate is required to shed before completing the merge could in large measure be bought up by the fast-growing Paddy Power-Betfair company, creating another credible contender for the UK betting crown.
Industry consolidation is being driven by increased costs of regulation and taxation, along with the fiercely competitive nature of the industry, which demands high marketing, manpower and technology investment if companies are to hold their own against rivals and continue to grow...especially in the online sector.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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