Home » Industry News » William Hill places 308 million bid for Mr Green

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.”.

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