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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.
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New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
Microgaming April 2017 new games -
Cool Buck and Mega Money Multiplier go live on Wednesday 5 April 2017. Both are available to Microgaming and Quickfire operators on desktop and mobile and come with in-game achievements and free games.
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