888 is one of the main bookmakers in the world. The British company 888 Holdings, established in 1997, provided online gaming entertainment through different games. After the creation of their online casino, they added other gambling features such as poker, bingo, and the most popular casino games. Later on, they added the brank 888sports to complete a bookmaker recognized worldwide. If this is the kind of bookie you are looking for, register with a betting service now and enjoy all the features of an original betting account.
As it was previously announced back in September, 888 Holdings is looking to acquire the international company and famous bookmaker William Hill. The project includes the integration of the company and the plans are going as expected according to the 888 group. In fact, 888 Holdings announced Guy Cohen as senior vice president and director of integration between both companies.
Regulatory clearances
The company confirmed that all the game regulatory measures were approved and received. This way 888 Holdings can secure a major step in the negotiations with Will Hill. Now, they expect to complete the acquisition next year, during the first trimester.
In order to achieve this, 888 Holdings expects to raise around 500 million pounds. The process will be by issuing new shares through a new capital increase.
888 CEO Itai Pazner said, “This transaction will create one of the world’s leading online betting and gaming groups with superior scale, leading technology, increased diversification, and a platform for strong growth, supported by a portfolio of iconic brands.”
Pending conditions
There is nothing concluded yet and both companies need to agree on more details first. This goes especially for 888 shareholders, who need to approve a final ordinary resolution. Starting next year, the group will have a general meeting to formalize the conditions. With it, 888 Holdings expects a final decision about the William Hill acquisition.
However, with Cohen’s assignation as middlemen on this acquisition, the company expects a positive resolution. “The appointment of Guy Cohen to the critical role of SVP, Director of Integration also strengthens our leadership and commitment to this important process,” Pazner declared.
Undoubtedly, the expectations are high. Don’t miss any updates about our favorite bookmaker and keep reading the best online casino news at William Hill Casino Bonus, the exciting world of hefty bonuses.