The online gaming and betting firm, 888 Holdings, is on track to conclude its purchase of William Hill’s assets outside the United States by the end of June 2022. This comes after overwhelming approval from 888 stakeholders during a recent assembly, where more than 99% voted to support the transaction.
First revealed in September 2021, this acquisition involves 888 securing William Hill’s European operations for a substantial £2.2 billion (roughly $2.7 billion). It represents a major step for 888, establishing them as a leading force in the internet gambling sector.
The finalization of this purchase will also result in the reinstatement of 888 Holdings’ entire share capital to the premium listing category of the FCA’s Official List and to trading on the London Stock Exchange’s Main Market. The Non-Executive Chairman of 888 Holdings, Lord Mendelsohn, conveyed his appreciation for the shareholders’ backing and emphasized their active involvement throughout the entire procedure.
Anticipated the finalization of this transformative fusion by June’s conclusion. This union will amalgamate two entities that dovetail impeccably, uniting two industry titans. The outcome? A formidable global force within the realm of internet wagering and interactive entertainment.”