Tue, 04 May 2021 | BUSINESS SALE
William Hill has been put up for sale by American owner Caesars Entertainment just months after it took over the business.
According to Caesars, it plans to sell all of William Hill's non-American assets including 1,400 William Hill high street shops located around the UK, with the sale of the sites expected to draw bids of up to £1.5 billion.
The shops will go up for sale in the next week, according to Caesars Entertainment, with the sale including all of the company's European and UK internet casinos and online sports betting operations.
A number of international firms have registered their interest in the sale, including Wall Street buyout firm Apollo Global Management and Israeli gambling tycoons Shaked Ventures, better known by their operating name 888 Holdings.
Private equity firm Apollo is expected to lead the bidding war, having already attempted to buy the whole package last year.
William Hill was founded in 1934 and was one of the first UK gambling firms to arrive in the US. Its US operations have seen significant success in the last few years following a rise in gambling after a ban was lifted in 2018.
A number of US companies have subsequently sought to buy out UK gambling firms, capitalising on their expertise as sports betting begins to take off across the United States. Recent sales including the possible purchase of Gamesys by Bally's Corporation in a deal worth more than £2 billion.
Entain, Ladbrokes owner and a FTSE 100 firm, has also been approached this year by American casino leader MGM, although the former rebuffed the interest.
Find businesses for sale here.
If you are looking for an exit, we can help!
Traditional and deceivingly spacious 17th century wet led inn with detached function room, large car park and gardens located within the Shropshire market town of Wellington.
LEASEHOLD
The business is run and managed by our client with the help of five full time and twelve part time members of staff. The business is justifiably proud of its awards. They have worked extremely hard to build up their reputation, achieving circa 5 cons...
FREEHOLD
The Marina operates from a scrupulously maintained landscaped estate in Cambridgeshire, and enjoys an all-year-round trade. This rarely available opportunity would naturally furnish any enthusiastic purchaser with considerable scope for continued gro...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.