{"id":128,"date":"2024-06-15T04:33:29","date_gmt":"2024-06-15T01:33:29","guid":{"rendered":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-to-finalize-william-hill-acquisition-in-q2-2022\/"},"modified":"2024-06-17T13:26:09","modified_gmt":"2024-06-17T10:26:09","slug":"888-holdings-to-finalize-william-hill-acquisition-in-q2-2022","status":"publish","type":"post","link":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/15\/888-holdings-to-finalize-william-hill-acquisition-in-q2-2022\/","title":{"rendered":"888 Holdings to Finalize William Hill Acquisition in Q2 2022"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/l-emnMyeeik\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings anticipates completing its purchase of William Hill&#8217;s international operations in the second quarter of 2022. This represents a minor postponement from the original Q1 2022 target, as declared by the firm in November.<\/p>\n<p>The recent statement indicates that 888 will release a joint acquisition and prospectus during Q2, succeeded by a shareholder ballot to authorize the transaction. The funding strategy, initially presented in November, entails securing a total of \u00a35 billion (roughly $6.76 billion) through an equity offering.<\/p>\n<p>Having obtained all essential antitrust and gaming regulatory clearances, these concluding actions are the final obstacles. The acquisition is projected to conclude soon after, contingent upon fulfilling any remaining stipulations.<\/p>\n<p>This agreement marks the culmination of a competitive bidding procedure that commenced in September when 888 revealed its \u00a32.2 billion pact with Caesars Entertainment, William Hill&#8217;s parent entity, to acquire the bookmaker&#8217;s non-US holdings.<\/p>\n<p>At the time, 888 CEO Itai Pazner lauded the deal as &#8220;a transformative and momentous occasion in 888&#8217;s history,&#8221; noting that &#8220;the merger will establish a worldwide online wagering and gaming frontrunner with superior size, remarkable brands, enhanced variety, and a foundation for robust expansion.&#8221; <\/p>\n<p>The gaming company 888 is divesting its complete bingo operations, encompassing both consumer and business-facing segments, to Saphalata Holdings for a sum of $50 million.  This transaction is slated to finalize in the second quarter of 2022 amidst a period of heightened activity for 888. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings anticipates completing its purchase of William Hill&#8217;s international operations in the second quarter of 2022. This represents a minor postponement from the original Q1 2022 target, as declared by the firm in November. The recent statement indicates that 888 will release a joint acquisition and prospectus during Q2, succeeded by a shareholder ballot [&hellip;]<\/p>\n","protected":false},"author":101,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Delays William Hill Acquisition to Q2 2022<\/title>\n<meta name=\"description\" content=\"888 Holdings pushes back the completion of its William Hill international operations acquisition to Q2 2022. 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