M&A

888 strikes “transformational” £2.2bn deal for William Hill International business

CEO Itai Pazner hints at retaining William Hill’s land-based portfolio as “highly cost-efficient source” of FTDs

888 has agreed a £2.2bn deal to acquire William Hill International from Caesars Entertainment in a combination that will generate pre-tax cost synergies of £100m annually by 2025, according to the operator. In a statement, 888 said the enlarged group would benefit from clear scale advantage, as well as strong product and geographic diversification as…

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