This Monday, May 16, a strong 99.73% of 888 shareholders have approved the purchase of William Hill for around €2.87 billion.
After an intense negotiation and the corresponding regulatory approval, the support of the shareholders' meeting was the last obstacle to overcome. In this way, the acquisition will move forward, and the final transition will take place before the end of June.
The addition of William Hill's assets outside of the United States expands 888's footprint and will become the third largest publicly traded online gaming operator in the world. It is worth remembering that in addition to the 1,400 betting shops in the UK, William Hill also controls the online brands Mr Green and Redbet.
In Europe, William Hill reported a net loss of $281.38 million in 2021 despite a 7.3% year-over-year increase in revenue. More specifically, that figure was $1.52 billion, 14.7% less than in 2019.
In closing, it is important to mention that more than half of 2021 revenue came from online operations in the UK. Whereas, retail trade lost 4.9% of its performance in 2020 and 53% in 2019.
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