William Hill to takeover 888 Casino

888 casino

UK betting company William Hill, in talks to buy 888 Casino at a value of about £750 million, a price higher by 45% of the stock market.
888 has confirmed that talks are at a price of 210 pence per share; However, reports are the sellers are trying to raise the price to the 300 pence per share, reflecting a market value of £1.1 billion. As of the opening of the London morning trade, the value of 888 company in London was £615 million.
“We have received an offer to purchase the company from William Hill. But there is no certainty that the transaction will be carried out according to the conditions suggested by William Hill”, said 888 official.
William Hill is the UK’s largest betting company. Its market capitalization is about £3.33 billion. The company’s stock has risen by almost 10% of London’s main stock exchange in the past 12 months.
Until recently, the only 888 active online gambling online services to private clients of the company B2C (via 888.com and other brands), an area where it is one of the largest companies in the world market estimated to be worth more than $12 billion.
Since 2008, 888 operates in the area of gaming infrastructure and network operators (B2B – Business to business), a field in which 888 competes with Playtech, Microgaming and Gtech. 888 offer organization who wants to setup their own gambling activity. 888 provides the organizations software and services to enable them to operate on their own. In fact, it outsourcing services includes all gambling activities including Casino, Poker, Bingo across desktop and mobile devices. 888 B2B activity is growing very rapidly.

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