Asgam AD Header1
Asgam AD Header2

William Hill Buying Out Playtech, Expanding Online

Monday, 04 March 2013 04:23

William Hill will pay £424 million to acquire Playtech's stake in its global online business and take full control of the booming division.

The UK’s largest bookmaker plans to will raise about £375 million pounds in a rights issue to help fund the purchase, its second major acquisition in the last few months. The company has agreed to pay £460 million to acquire the Australian and Spanish operations of online operator Sportingbet in a deal scheduled to be finalized later this month.

The two transactions are significant steps by Hills into a leading position as an international operator, particularly through the strong growth enjoyed by its online businesses. A well-known name in British betting, running more than 2,000 betting shops in the country, the company is also maneuvering to become a player in Internet gambling in the US, where it has bought two Nevada sports books.

Playtech holds a 29% stake in the online venture, which was founded in 2008.

The Asian Gaming 50 - 2014

The Asian Gaming 50 - 2014 The sixth annual ranking of the industry’s most influential people sponsored by: Monday, 22 September 2014 07:43

Looking for America

Looking for America Genting’s investments in resort casinos in Las Vegas, New York and Florida could surpass $10 billion over the next several years. That’s if everything unfolds as planned. But even if it doesn’t, there’s enough to pose an enticing prospect for investors— possibly in an IPO. Wednesday, 06 August 2014 02:50

Trouble in Paradise

Trouble in Paradise The Northern Marianas, a US Pacific territory, is moving to tap its destination gaming potential, but legalization on the main island of Saipan is a mess. Thursday, 10 July 2014 03:56

I’ll Take Manila

I’ll Take Manila Matt Hurst was on the front lines in Macau for the openings of Sands, Wynn and City of Dreams. He’s working for Kazuo Okada in the Philippines now, where he believes he’s got the category-killer. Wednesday, 18 June 2014 10:37