William Hill offloads Australian business to CrownBet for £169m

Hills cites regulatory pressures as it sells its Australia-facing arm to The Stars Group-owned company for an equity value of £176m

William Hill has agreed to sell its Australia-facing business to CrownBet for an enterprise value of AU$300m (£169m), bringing to an end the UK bookmaker's five-year venture Down Under. The operator this morning confirmed the sale of William Hill Australia to CrownBet for an equity value of $313.7m (£176m), ending weeks of speculation after the business was placed under…

Australia | CrownBet | M&A | The Stars Group | William Hill