Online gambling firm 888 soars on deal to pay less for William Hill...
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Published date: 2024/11/19
- Location: 54500, Moenkopi, New Hampshire, United States
By Sinchita Mitra and Radhika Anilkumar April 7 (Reuters) - British online gambling firm 888 will pay a smaller price to buy William Hill's international assets from U.S.-based owner Caesars Entertainment, the companies said on Thursday, citing changes in economic and regulatory conditions. Shares in London-listed 888 soared nearly 30% after the British company also said it would have to raise less capital to partly fund the purchase. Las Vegas-based casino operator Caesars bought British bookmaker William Hill in a $4 billion deal last year and agreed in September to sell William Hill's non-U.S.
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