Goodbody analyst David Brohan said Wednesday that the deal would transform 888\u2019s scale and earnings profile.<\/p>\n
It was always likely to be in a strong position, given the potential it has to drive material synergies given its priority technology,\u201d<\/strong> he added.<\/p><\/blockquote>\nIf the deal is on, as The Times<\/em> asserts, the question remains of what will become of William Hill\u2019s 1,414 betting shops across the UK.<\/p>\n888 has always been strictly online-only, and the addition of land-based operations could prove onerous, as the UK faces a regulatory clampdown.<\/p>\n
It’s widely expected to offload the retail outlets, and UK operator Betfred has expressed an interest in taking them on. But tantalizingly, in a March earnings call, 888 CEO Itai Pazner suggested that William Hill\u2019s retail business \u201ccould be an interesting asset.\u201d<\/p>\n
\u201cThere are benefits to owning betting shops,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
888 Holdings sealed the deal to buy William Hill\u2019s European assets from Caesars Entertainment Inc for north of \u00a32 billion (US$2.76 billion ), according to The Times. The British national newspaper on Wednesday was sticking by its sources that 888 had \u201cwon the race\u201d to acquire the heritage betting company\u2019s operations in its UK base […]<\/p>\n","protected":false},"author":36,"featured_media":185184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093],"tags":[],"acf":[],"yoast_head":"\n
888 Holdings \u00a32 Billion Agreement for William Hill Europe is Real Deal<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n