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William Hill acquires Grand Parade Limited

WILLIAM HILL ACQUIRES SOFTWARE DEVELOPER

Ramps up scale of development team.

William Hill PLC has acquired betting and gaming digital solutions firm Grand Parade Limited for a GBP 13.6 million consideration in cash and shares.

Established in 2007, Grand Parade develops apps, websites and e-commerce platforms for the sports betting, gaming and media industries.  200 developers and creatives are housed in Grand Parade’s offices situated in Bermondsey, London, Krakow, Poland and New York.

"Bringing the Grand Parade team into William Hill will rapidly ramp up the scale of our development team by backfilling existing resource gaps and also enhance our creative capabilities,” commented Philip Bowcock, Interim chief executive officer of William Hill. 

“This enables us to capitalise on the potential of our Trafalgar front-end platform by accelerating our product development and also to support the work with OpenBet to build our new back-end platform."

Under the terms of the acquisition and as partial consideration, William Hill will issue 495,048 new Ordinary Shares of 10p each to Grand Parade which will rank pari passu with the existing ordinary shares of the Company.

The company said applications have been made for these shares to be admitted to the London Stock Exchange and anticipates trading to commence August 5th 2016.

Grand Parade lists some of its high profile clients within the industry as 32Red, bwin, Sportech, betway, Coral, Ladbrokes and Betfair.



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MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

ACR Buck Hunt Promotion : 2017 WSOP Seats - The Hunt for WSOP Seats is on with Americas Cardroom's Buck Hunt Promotion

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