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William Hill places 308 million bid for Mr Green

1 Nov 2018

William HillWilliam Hill is on the line to expand its business since it made a 308 million dollar offer to acquire Mr. Green. The 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 the bookies in the United Kingdom, and the popular operator wants to be a step ahead of its time, trying to become more powerful in 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 are among them.

New License is Solution to Counter Brexit Impact

Of course, this progress had a direct effect on the price of the company’s shares since it rose by 8 per cent, while a great rise took place in MRG’s shares (Mr Green’s mother company). William Hill’s CEO, Mr Philip Bowcock, said in a statement published on 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.”.

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