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!
A luxurious spa hotel opportunity in the heart of the Lake District, ranked as the top hotel in Windermere, featuring eight exquisite spa suites along with an elegant bar and restaurant, is now available for acquisition.
FREEHOLD
Explore a substantial development opportunity on the South Coast with a large seaside hotel on a 0.25-acre plot, complete with space for an additional 3-bedroom house.
FREEHOLD
Discover an exceptional opportunity to own a charming freehouse and inn, complete with a luxurious detached owner's residence, nestled in approximately 10 acres of breathtaking countryside.
FREEHOLD
08
|
Sep
|
Liquidators appointed at Liverpool bakery | ADMINISTRATION
A Liverpool bakery that operated across three sites has ente...
08
|
Sep
|
Xeinadin acquires Brierley Hill-based accountancy | BUSINESS SALE
Professional services firm Xeinadin has completed its latest...
08
|
Sep
|
Assets to be sold as garden retailer enters administration | ADMINISTRATION
Administrators are set to realise the assets of a garden ret...
07
|
Sep
|
888 Holdings confirms “advanced discussions” to acquire William Hill’s European business | DIVISION SALE
Betting firm 888 Holdings has confirmed that it is in &ldquo...
06
|
Mar
|
William Hill gives up Australian business in £170m deal | DIVISION SALE
One of the world’s largest betting companies has sold ...
21
|
Feb
|
Broadcaster buys greyhound stadia from William Hill | BUSINESS SALE
A broadcaster specialising in the supply of live racing pict...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.