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.

Philippine Gaming’s Guiding Light As Manila’s Entertainment City spurs growth and regulatory challenges, Pagcor chairman Cristino Naguiat wants all sides to profit Friday, 10 April 2015 07:24

Getting Past China

Getting Past China Reduced spending by mainland visitors highlights the need for Macau to expand its tourist sources. Whether more international travelers will visit and whether Macau can handle them remain to be seen Friday, 10 April 2015 07:11

Unleashing the Wave

Unleashing the Wave In a country setting the trends across Asia, foreigner-only casinos are looking woefully antiquated. That’s set to change from 2017 as the first of several South Korean integrated resorts comes online. Then, at last, the industry can properly capitalize on hallyu, the Korean cultural wave... Friday, 10 April 2015 06:39

Coming of Age

Coming of Age At the turn of the millennium, few imagined how influential Chinese consumers would soon become in global markets ranging from natural resources to luxury goods. Or that they’d become by far the most coveted customers of the world’s casino resort developers, for whom catering to the rapi... Friday, 06 March 2015 08:55