Tag Archives: Betfred

Apollo ends interest in William Hill buyout but observes Caesars’ developments

New York private equity fund Apollo Global Management has terminated its pursuit of a William Hill Plc buyout.   This morning, Apollo stated that it would not disclose any formal bid for William Hill to rival the £2.9 billion cash offer made by Caesars Entertainment – a deal which has been accepted and recommended to shareholders by William Hill’s board of …

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Suitors await Caesars call on William Hill’s ‘non-US’ assets

City news sources report that New York investment fund Apollo Global Management will bid to acquire William Hill Plc’s ‘non-US assets’, as the FTSE250 firm moves to merge with US strategic partner Caesars Entertainment. Apollo had formally announced its intentions to bid for an outright acquisition of William Hill. However, the investment fund’s pursuit of the heritage UK betting group …

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Betfred joins Spotlight in-play content ranks

Spotlight Sports Group continues its strong 2020 commercial momentum confirming that Betfred has become the latest client of its in-play content services, which have launched across the heritage bookmaker’s digital verticals. Betfred’s online sportsbook and mobile app will now feature Spotlight exclusive content and analysis backed by live stats, helping Betfred drive engagement with in-play betting markets. Integrating Spotlight’s content …

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Betfred enters High Court dispute over £1.7m payout infringement

Betfred has entered a UK High Court dispute over refusing a £1.7 million jackpot pay-out to a customer on the grounds that its casino game had suffered a ‘software malfunction’.  The lawsuit was filed by Andy Green from Lincolnshire who hit the jackpot in 2018, wagering on the Playtech-licensed ‘Frankie Dettori Magic Seven Blackjack’ game.  Betfred is reported to have …

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Gamesys among top H1 donors to GambleAware

Gamesys has topped the list of donations made to industry charity GambleAware after figures showed the online operator group donated a total of £450,000. Publishing its industry donation figures for 1 April – 30 September 2020, GambleAware revealed that it had received a total of £2,286,000 in contributions from the industry, not taking regulatory settlements into account. Betway was the …

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Done eyes William Hill estates in potential UK chop-up

Betfred founder Fred Done is reported to be eyeing a swoop of William Hill’s UK retail estates at a discount price, as rumours circulate as to how Caesars Entertainment will reshape the company, following this morning’s approval of its £2.9 billion takeover offer.  Done has been branded as the big winner of the Caesars deal, having built a 6% stake …

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Betfred bid for bankrupt Phumelela refused

Betfred is reported to have been rejected in its last-minute attempt to acquire bankrupt South African heritage wagering and racetrack operator Phumelela Gaming & Leisure.  South African racing news sources reported that Phumelela’s bankruptcy auditor refused to review Betfred’s ZAR 900 million (€45m) counteroffer submitted at the end of August as Phumelela closed its window for rescue proposals.  Stating its …

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Betfred counters Oppenheimer bid in race to rescue Phumelela

South African business news sources report that Betfred is preparing a counter-offer ranging between ZAR 875-to-925 million (€44-46m) to acquire embattled heritage wagering and racetrack operator Phumelela Gaming & Leisure.  Forced to close its venues due to coronavirus restrictions last May, Johannesburg high court placed Phumelela assets under bankruptcy protection, allowing the company to seek investors to avoid outright liquidation. …

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Betfred extends World Snooker Championship deal until 2022

Betfred has strengthened its partnership with the World Snooker Championship after extending its title sponsorship until ‘at least 2022’. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here The renewed deal was confirmed on the final day of the 2020 tournament at The Crucible, and will build on the agreement which was first signed …

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Betfred boosts US racing coverage with XB Net deal renewal

XB Net has confirmed that it will extend its ongoing distribution agreement with Betfred, giving the Warrington-based bookmaker access to live pictures, data and betting services from over 50 North American tracks. Through the extended agreement, Betfred will be able to offer ‘a robust pipeline’ of betting markets for customers, while also increasing digital dwell time. Craig Reid, Trading Director …

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