Future of Hills' European businesses to be decided soon as bidding closes

TRIBAL CRAFT and David Probert win the William Hill Bronte Cup (group 3) at York 22/5/21Photograph by Grossick Racing Photography 0771 046 1723

William Hill: sold to US casino giant Caesars Entertainment in AprilCredit: John Grossick (racingpost.com/photos)

The future of William Hill's European assets, including their substantial betting shop estate, is set to become clearer in the coming weeks after the billion-pound bidding process drew to a close on Wednesday.

Apollo Global Management, Tipico, a German betting group which is majority owned by private equity firm CVC Capital Partners, and 888 Holdings are thought to be the three runners left in the race for the bookmaker's remaining business following the submission of best and final bids.

William Hill were purchased for £2.9 billion in April by US casino giant Caesars Entertainment, which outlined its plan to retain the venerable firm's businesses in America and offer up the rest to the highest bidder.

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Peter ScargillDeputy industry editor

Published on 2 September 2021inNews

Last updated 19:25, 2 September 2021

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