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William Hill, Paddy Power Betfair Competing to Acquire CrownBet

Gambling industry consolidation talks have started up again, this time with Australian bookmaker CrownBet as the acquisition target by both William Hill and Paddy Power Betfair. CrownBet is 62 percent owned by Crown Resorts – Crown Melbourne is the host venue of the popular Aussie Millions poker series – which is itself part of James Packer’s gambling empire. The news of William Hill’s interest in CrownBet broke late last week and a William Hill spokesperson confirmed to financial media that there were “very preliminary discussions” going on between the two companies. That spokesperson, though, cautioned against anyone getting too excited over a possible deal, saying, “This industry is undergoing consolidation and people in the sector talk to each other all the time. Don’t look too much into this as a firing gun.” William Hill got into the Australian sports betting market several years ago, when it bought Sportingbet and

William Hill Closes Czech Player Accounts Following New Gambling Law

Prominent online gambling site and sports book William Hill has withdrawn from the Czech Republic market as the result of new internet gambling laws that took effect at the turn of the New Year. In an e-mail to affiliates last week, William Hill indicated that it may ramp back up in the Czech Republic sometime in the future. Here is the e-mail, as sent to William Hill affiliates: We would like to inform you, that following recent regulatory developments in The Czech Republic, William Hill will cease to accept business from customers in The Czech Republic. This means, that none of William Hill’s products will be available in The Czech Republic, though players will be able to withdraw from their existing account balances. Furthermore, affiliates are required to remove all marketing materials from their websites (including banners, text links, etc.) that relate to Czech Republic bettors. We value your cooperation

William Hill, Amaya End Merger Discussions

Less than two weeks ago, William Hill and Amaya Gaming confirmed rumors that they were discussing a potential merger. A so-called “merger of equals” would have actually been classified as a reverse takeover, as the smaller company, William Hill, would technically acquire the larger, Amaya. On Tuesday, both companies announced that the talks have ended and no deal will be made. The writing appeared to be on the wall Thursday night when Parvus Asset Management, William Hill’s largest shareholder, controlling 14.3 percent of the company, sent an open letter to William Hill’s board panning the proposal. William Hill chairman Gareth Davis and interim chief executive Philip Bowcock met with Parvus co-founders Mads Eg Gensmann and Edoardo Mercadante a couple days earlier, but when Davis and Bowcock did not buy the Parvus duo’s reasoning for their dislike of the deal, Eg Gensmann and Mercadante took their concerns straight to the Board.

Amaya Gaming, William Hill Admit to Merger Discussions

Ending speculation of what would be a monumental shift in the online gaming and poker industry, this afternoon Amaya Gaming, the parent company for PokerStars, and the powerful online and live betting shop William Hill admitted that they are currently in discussion regarding a merger of the companies. In a joint announcement meant to potentially squelch any potential rumor-mongering, the two companies said, “The Boards of William Hill and Amaya Inc. (have noted) the recent press speculation and confirm that they are in discussions regarding a potential all share merger of equals. The potential merger would be classified as a reverse takeover under the Listing Rules of the Financial Conduct Authority and is not subject to the City Code on Takeovers and Mergers.” In essence, this states that the smaller company – William Hill – would be the one taking over the larger company – Amaya Gaming. “Amaya has been

888, Rank Quitting the William Hill Chase

As former President George W. Bush once so confidently said, “There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.” Or something like that. After two futile attempts to acquire top UK bookmaker William Hill, the pairing of 888 Holdings and The Rank Group has thrown in the towel, announcing on Thursday that they will not be making any further offers to buy the company. In a press release, 888 Holdings CEO Itai Frieberger said, “We are disappointed that the board of William Hill did not share our vision of the combined businesses. We believe that there was compelling industrial logic for the combination of these highly complementary businesses, which in our view would have brought scale, diversification, and strong revenue and cost synergies, from