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Willaim Hill Amaya Merger Update
WILL HILL - AMAYA UPDATE
Deal could create synergistic savings of more than GBP 100 million.
Mainstream media reports delivered more details on the possible merger between William Hill and Amaya Inc over the weekend, with analysts and observers noting:
* Informed sources have revealed that the proposed deal could deliver synergistic savings in excess of GBP 100 million annually;
* The deal represents a strong fit which compliments William Hill’s existing strategy and Amaya’s business. Amaya owns 70 percent of the online poker market, with 100 million registered international users, and William Hill is strong in casinos, betting shops and sports betting;
* The newly merged company would be expected to list on the London Stock Exchange;
* Agreement could be reached within weeks and would be structured as a reverse takeover of William Hill;
* Agreement will create a GBP 4.5 billion global gambling giant.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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