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Fight Not Over For William Hill Acquisition

ACQUSITION FIGHT FOR WILL HILL NOT OVER YET
 
888 and Rank mount media and shareholder campaign, indicate still open minded on consideration.
 
William Hill plcs rejection of the GBP 3.16 billion 888-Rank acquisition bid this week has not deterred the bidders, who embarked Wednesday on a campaign to progress the venture, intimating that they remain open minded on pricing and laying out a raft of merger advantages in a detailed explanatory statement clearly aimed at shareholders .
 
The 888-Rank alliance called for further talks in order to create what they claim will be "the UKs largest multi-channel gambling operator by revenue and profit", with 92 percent of its business from regulated markets.
 
Their offer envisages Will Hill shareholders retaining 44.7 percent of the enlarged company, 888 shareholders 44.7 percent and Rank investors 29.6 percent.
 
Ranks chief executive Henry Birch would become CEO of the new group and Itai Frieberger, current 888 chief exec, CEO of Digital operations.
 
Birch took to the UK press to promote further "friendly" talks on the summarily rejected offer, telling The Telegraph newspaper that the bidders were prepared to consider lifting their initial bid and claiming that the advantages of a merger and the GBP 100 million in savings possible are "blindingly obvious."
 
He claimed that the merger would create the UKs biggest multi-channel operator with massive potential for success.
 
Meanwhile, Frieberger commented: “The price is something that we can always discuss.”
 
However, William Hill chairman Gareth Davies remained dismissive, reiterating his view that "the board continues to see no merit in engaging on the basis of a proposal that substantially undervalues the group. In addition, as we have said before this proposal is highly opportunistic, complex and poses significant risk for our shareholders.”
 
Earlier in the day 888 principal shareholder Eyal Shaked appeared to take a more angry and frustrated approach to the William Hill rejection, taking to Twitter to opine:
 
"“Pure ego made #WilliamHill reject #Rank and #888 £3.16bn bid and that will be their downfall. Thats the last I want to hear about #888 shareholders not willing to go big.”
 
Our readers may recall that William Hill blamed its failure to acquire 888 last year for GBP 700 million on a major 888 shareholders contention that the valuation was too low, and Shaked referred to this in a further tweet, commenting:
 
“Last year it was ‘key shareholder opting for higher returns’, now it’s an opportunistic offer. See you next year...”

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Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

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2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

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Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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