William Hill places 308 million bid for Mr Green

1 Nov 2018

William HillWilliam Hill is on the line to expand their business since they made a 308 million dollars offer to acquire Mr. Green. Τhe main reason for doing that is that they would like to strengthen their European position ahead of the upcoming Brexit talks. The latter is going to cause a chain of problems at the bookies in the United Kingdom and the popular operator wants to be a step ahead of its time, trying to become more powerful at the online sector, by entering other regulated countries, like Sweden, where they are about to get a license before the end of the current year. But it’s not just it, since Mr. Green operates in 13 different countries, thanks to their MGA license. Denmark, Italy, Latvia, Malta, Britain, and Ireland being among them.

Of course, this progress had a direct effect at the price of the company’s share, since it rose by 8 percent, while a great rise took place at the MRG’s shares (Mr. Green’s mother company). William Hill’s CEO, Mr. Philip Bowcock told in a statement published in behalf of the popular bookie: “We are going to create a ready to go international hub. As a part of Brexit, we have to create an international hub outside of Gibraltar operations.”.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Swedish bookmaker Betsson enters the Kenyan betting market via its Betsafe brand, which will be operated by the local company Bet High. The Kenyan...

Read more »

LeoVegas announced last week that players are from now on able to use open banking as a payment method on its website. The so-called PSD2 (The Revised...

Read more »

On Thursday, Canada’s Minister of Justice David Lametti announced that the federal government would amend the Criminal Code’s sports betting provision...

Read more »

The Malta Gaming Authority (MGA), the well-respected regulatory body, has introduced a new online platform that will allow bookmakers to report suspic...

Read more »

The Danish gambling market experienced a 5% revenue drop year-on-year (YOY) for Q3 2020. According to figures from the Spillemyndigheden (Danish Gambl...

Read more »

The UK-based bookmaker Spreadex has been named the EGR Awards 2020 spread betting operator of the year. The annual EGR Awards are organized by the eGa...

Read more »

GVC Holdings PLC has embarked on a new sustainable growth strategy that includes the rebranding of the company as Entain and the decision to pull out ...

Read more »

Kambi Group, the renowned provider of sports betting services to licensed online gambling operators, reported €28.1m in revenue for Q3 2020. This mean...

Read more »

The online gambling operator LeoVegas posted its financial results for the three-month period (Q3) up to September 30, 2020. The generated revenue was...

Read more »

Norwich City announced a new betting partnership with the acclaimed bookmaker 888sport. The renowned betting brand does not only have a strong presenc...

Read more »

Latest Betting Offers