{"id":151,"date":"2024-06-16T21:43:49","date_gmt":"2024-06-16T18:43:49","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/16\/888-holdings-to-finalize-william-hill-acquisition-and-divest-lottery-units-in-q2-2022\/"},"modified":"2024-06-20T17:06:00","modified_gmt":"2024-06-20T14:06:00","slug":"888-holdings-to-finalize-william-hill-acquisition-and-divest-lottery-units-in-q2-2022","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/16\/888-holdings-to-finalize-william-hill-acquisition-and-divest-lottery-units-in-q2-2022\/","title":{"rendered":"888 Holdings to Finalize William Hill Acquisition and Divest Lottery Units 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 assets outside the United States in the second quarter of 2022. This represents a minor postponement from the original Q1 completion goal declared in November.<\/p>\n<p>The firm indicated it will release a joint prospectus for the acquisition and funding in Q2, succeeded by shareholder ballots to authorize the transaction. The funding strategy, which entails raising a total of \u00a35 billion (roughly $6.755 billion) via fresh share offerings, was detailed in November.<\/p>\n<p>Having secured all essential antitrust and gaming regulatory clearances, the acquisition is projected to conclude upon fulfillment of the remaining stipulations.<\/p>\n<p>To recap, 888 consented to acquire William Hill&#8217;s non-US operations from its parent entity, Caesars Entertainment, for \u00a32.2 billion ($2.9 billion) back in September following a competitive bidding procedure.<\/p>\n<p>This acquisition marks a significant turning point for 888, establishing a worldwide online wagering and gaming leader with augmented reach, a varied brand collection, and a robust foundation for future expansion. <\/p>\n<p>A prominent gaming and leisure corporation, 888, is divesting two of its lotto segments. Both the business-to-business and business-to-consumer lotto units will be acquired by Saphalata Holdings, an internet gaming firm, for a combined sum of $50 million. The transaction is anticipated to finalize in the second quarter of 2022, which is already looking to be an active period for 888. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings anticipates completing its purchase of William Hill&#8217;s assets outside the United States in the second quarter of 2022. This represents a minor postponement from the original Q1 completion goal declared in November. The firm indicated it will release a joint prospectus for the acquisition and funding in Q2, succeeded by shareholder ballots to [&hellip;]<\/p>\n","protected":false},"author":43,"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 assets acquisition to Q2 2022. 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