CrownBet wins race for William Hill

Original article by Sarah-Jane Tasker
The Australian – Page: 28 : 7-Mar-18

CrownBet will become Australia’s third-largest wagering group after securing a deal to acquire the local arm of UK-based William Hill for $A300m. Rival bidder Sportsbet was trumped after CrownBet’s bid gained the support of its major shareholder, The Stars Group, which bought its controlling stake from Crown Resorts in 2017. William Hill chose to withdraw from the Australian market due to rising losses and a ban on credit betting.

CORPORATES
CROWNBET PTY LTD, WILLIAM HILL AUSTRALIA PTY LTD, WILLIAM HILL PLC, THE STARS GROUP, SPORTSBET AUSTRALIA, CROWN RESORTS LIMITED – ASX CWN, TABCORP HOLDINGS LIMITED – ASX TAH, BETSTARS, POKERSTARS, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, NORTHERN TERRITORY. RACING COMMISSION

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