GGB is committed to providing updated news and analysis on our weekly news site,

William Hill Ends 888 Takeover Talks

William Hill Ends 888 Takeover Talks

It barely started, and now a move by British bookmaker William Hill to acquire 888 Holdings appears dead.

888 announced it had ended talks about the possible takeover. William Hill reportedly offered to pay £700 million, about US$1.1 billion, for 888, but the companies were unable to reach a deal because of a “significant difference of opinion on value” by a major investor, 888 Holdings said in a press release.

“Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer, and the board of the company has agreed with William Hill to terminate discussions,” 888 said in the statement.

The company did not identify the investor. However, trusts tied to the Israeli Yitzhak and Shaked families that founded 888 Holdings control about 60 percent of the company’s shares, according to data compiled by Bloomberg News.


    Recent Feature Articles

  • The Real Source of Success

    Playtech is looking to repeat its European success to become a preeminent supplier for North America’s embryonic iGaming market

  • Skill or Luck?

    States continue to battle unregulated “skill games,” and gaming associations continue to seek their ban, as a few states begin to regulate and tax the slot-like games

  • Changing Boundaries

    Fee-to-trust rule changes and their implications for tribal gaming

  • Everything is Bigger in Texas

    Will the biennial gambling debate finally bear fruit in the Lone Star State?

  • Aristocrat Tops Diverse Field in EKG Slot Awards

    While Aristocrat again took the top award as best overall slot supplier in the fifth EKG Slot Awards, its former dominance of the individual awards yielded to a more diverse field of winners.