German gambling group joins Hill race

Home » German gambling group joins Hill race

German sports-betting group Tipico has joined the £1.5bn race to take control of William Hill’s operations in the UK, according to Sky News.


Tipico, which is majority-owned by CVC Capital Partners, is among a handful of bidders vying for the gambling giant’s high street shops and continental European assets.

City sources said that Tipico Group had tabled a “credible” offer for William Hill, which was acquired by Caesars Entertainment of the US in a £2.9bn deal.

Caesars wants to sell the company’s famous brand and all of its operations outside the US and has hired advisers from Deutsche Bank to conduct an auction.

More about:  Lucky Dragon sold for $36m

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.