Best rakeback poker rooms

Posts Tagged ‘Paddy’

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 TomWaterhouse.com.