The reason for the success is the COVID-19 pandemic. ![]() Compared to the same period in 2019, this year’s first half pre-tax profits jumped 130% to $50.9m. 888 has soared this yearĪs mentioned, 888’s performance in the first half of 2020 is a primary driver of the company’s ability and desire to scoop up some of William Hill’s assets. Prior to the acquisition, Caesars already owned 20% of William Hill US. For Caesars, the attractiveness of William Hill is its US business unit, particularly mobile and online sports betting. Saying that his company is “in a good position to make acquisitions,” Pazner added regarding William Hill: “We are going to look at any asset that can be relevant for us, and within that list, if that opportunity comes our way that could be relevant for us.”Ĩ88 Holdings may very well get that opportunity, as Caesars has already made it known that it wants to sell off the non-US assets of William Hill. We are going to look at any asset that can be relevant for us” The comments from 888’s CEO Itai Pazner came as the company reported strong first half financial figures. ![]() The same day that Caesars Entertainment agreed to buy William Hill for £2.9bn ($3.7bn), 888 Holdings said it is interested in pieces of the acquisition that Caesars does not want.
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