888 Takeover of William Hill International Greenlighted by Shareholders
Following an announcement on Monday, British gambling giant 888 Holdings revealed it is close to finalizing its purchase of William Hill’s international assets from US casino and gaming giant Caesars Entertainment before the end of June.
Shareholders granted their approval for the takeover during an extraordinary general meeting held in London where a majority of 99.73% of all votes were in favor of 888 moving forward with the nine-month long deal.
Lord Mendelsohn, Non-Executive Chairman of 888 Holdings Plc., said:
“We are delighted with the support of our shareholders for our proposed acquisition of William Hill and would like to thank them for their continued, constructive engagement as part of this process.”
He added:
“We look forward to completing this transformational acquisition at the end of June, creating a global online betting and gaming leader through the combination of two highly complementary businesses and two of the industry’s leading brands.”
Finalization of the acquisition is expected to happen “on or around June 30, 2022,” with further updates to be made “in due course.”
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Source: igaming
