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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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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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