Rank Group and 888 Holdings Confirm Merger Talks and Interest in William Hill
The rank Group and 888 Holdings are mulling a £2-billion tie-up, the high roller casino action scratch off two companies confirmed in a joint statement that consolidation talks are indeed taking place after Casino News Daily reported on Sunday that major gambling operators. In addition, the operators are looking at the opportunity to create a bid for other gambling company William Hill.
If the three-way deal is fundamentally completed, it will lead to the creation of a £5-billion gambling powerhouse with existence in multiple jurisdictions and operations casino book your action in most market verticals. The Rank Group owns UK’s largest chain of land-based casinos as well as a chain of bingo halls round the country. 888 Holdings is currently among the major players on the web gambling scene. As for William Hill, it is still officially who owns British’s biggest string of High Street betting stores and will be holding its name up until the Ladbrokes/Coral merger is completed.
Commenting regarding the latest statement, 888 Holdings and The Rank Group said in a joint statement that their combination seems to be a rational move since it will lead to ‘consolidation of their complementary online and land-based operations’ and delivery action casino geant of considerable income and cost synergies.
Yet, the 2 gambling operators pointed out that they’ve not officially approached William Hill with an offer but have informed its board that there was clearly curiosity about acquiring the organization. Read More