![]() ![]() In a March interview with The Times, 888 CEO Itai Pazner confirmed his company’s interest in the William Hill assets. Analysts and industry observers expect the casino giant can fetch at least $2 billion in the sale. He adds a deal for the William Hill assets that could not only help the Israeli gaming company identify avenues for cost reductions, but also potentially lead to a double-digit increase in earnings per share.Ĭaesars is selling William Hill’s 1,400 UK and Ireland betting shops, as well as the UK and European online wagering businesses. Investors should buy 888 shares ahead of any deal to acquire the William Hill assets, in our view,” said Jefferies analyst James Wheatcroft in a recent note. The Las Vegas-based gaming company recently closed its $3.69 purchase of the British bookmaker - a transaction in which the Flamingo operator made clear it was only interested in the target’s US operations. Israel-based 888 is rumored to be among several suitors for William Hill’s international assets, which Caesars is looking to part with. His company could bid for William Hill assets. One analyst views 888 Holdings as a way for investors to capitalize on that divestment. Financial, Gaming Business, Mergers and Acquisitions.Ĭaesars Entertainment (NASDAQ:CZR) is expected to initiate the sale process of William Hill’s international assets this quarter and could announce a buyer at some point in the second half of 2021.
0 Comments
Leave a Reply. |