which shares the same objectives, approaches and longer-term ambitions of that business," Caesars CEO Tom Reeg said. "We have found an owner for the William Hill business outside the U.S. companies snap up London-listed groups to gain expertise as the United States opens up to sports betting.Ĭaesars had signalled it did not want to hold on to other parts of the group. The shops are run well, they are profitable, they went through a big transformation in the last couple of years," Pazner told Reuters on Thursday.Ĭaesars' 2.9 billion pound takeover of William Hill in April was part of a wider consolidation, which saw several U.S. "Our plans are absolutely to keep the shops. The purchase, 888's largest since listing in London nearly two decades ago, will also give the company access to William Hill's 2 million active UK customers when pandemic curbs have spurred record online gambling volumes.Ĩ88 has until now been a pure online player, whereas William Hill's shops have long been a feature of British streets.Ĩ88 CEO Itai Pazner played down speculation that the company might seek to offload the retail stores to maintain its online focus. Sept 9 (Reuters) - 888 (888.L) will buy William Hill's business outside the United States from casino group Caesars (CZR.O) for 2.2 billion pounds ($3 billion), making a foray on to Britain's high streets with 1,400 betting shops.
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