888 Shareholders Approve of William Hill Assets Buy

This story was published more than 1 year ago.

888's takeover of William Hill's non-US assets got another step closer to reality this week as 888 shareholders voted in support of the purchase, with 99.7% voting in favor.

The margins showed that 307 million share votes were in favor of the purchase, while 819,264 voted against. Caesars Entertainment and 888 came to terms last year to sell William Hill's non-US assets, as Caesars bought William Hill for £2.9 billion. The American betting firm expressed no interest in the group's non-US business and immediately announced plans to divest the assets.

888 said that the deal should be completed in June and the acquisition will make it the third-largest publicly traded online gambling company in the world.

Regarding the vote, 888 Holdings Non-executive Chairman Lord Mendelsohn said, "We are delighted with the support of our shareholders for our proposed acquisition of William Hill and would like to thank them for their continued, constructive engagement as part of this process.

"We look forward to completing this transformational acquisition at the end of June, creating a global online betting and gaming leader through the combination of two highly complementary businesses and two of the industry's leading brands."

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Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.