Hints and tips:
...But the biggest hurdle to any deal would have been 888’s £1.7bn debt pile, left over from the acquisition of William Hill’s non-US business from Caesars Entertainment last year, they added....
...The company is also grappling with 888’s large debt pile, after its £1.95bn acquisition of William Hill’s non-US operations from Caesars last year....
...He added that he “[continued] to see material upside from the successful execution of the William Hill integration”. 888 bought William Hill’s non-US business from Caesars Entertainment in a £1.95bn deal...
...Additional reporting by William Sandlund in Hong Kong...
...Lord Jonathan Mendelsohn, 888’s chair who is serving as interim chief executive, said the William Hill owner was “fully co-operating” with the licence review....
...JPMorgan recently took a hit while shifting £1bn of debt backing online UK gambling company 888’s takeover of rival William Hill’s operations outside the US....
...Williams, one of the stragglers, went for €152mn in August 2020. MSP Sports Capital and other investors took a minority stake in McLaren Racing at a £560mn valuation in the same year....
...its £1.95bn takeover of William Hill....
...But the £19.2mn penalty amounts to just over 5 per cent of 888’s projected adjusted earnings for last year of £305mn-£315mn....
...In January, 888’s chief executive Itai Pazner was dismissed at the same time the board revealed it had frozen £50mn of customer accounts because of anti-money laundering failings....
...’s ownership of the group....
...one to assuage “the geography of discontent” that, in our case, was unleashed in 2016’s referendum....
...Itai Pazner, 888’s chief executive, said he “absolutely did not” regret the costly William Hill takeover, adding that worsening market conditions were “out of our control”....
...“When we were alerted to issues with some of 888’s VIP customers, the board took decisive actions....
...It’s a lovely piece of haunting instrumental music, which I discovered while listening to Radio 3’s wonderful Night Tracks programme....
...Banks are braced for losses on a £1bn bond and loan deal backing online UK gambling company 888’s takeover of rival William Hill’s operations outside the US, marking the latest debt sale to go awry in volatile...
...Ocado reiterated that it did not intend to sell its half-share in Ocado Retail to M&S to raise funds. “That is not an option we are seriously considering,” said Daintith....
...Taken from an archive pattern that has a hint of William Morris, the £59 dress isn’t hugely different from the array of floral midis on the high street, (the British woman’s love affair with the floral midi...
...Gervais Williams, veteran small-cap manager at Premier Miton, says investors should be wary of smaller companies that are cash flow negative....
...William Dinning of Waverton has done the numbers. This week he had global equity markets on an average forward p/e of 15.2 times (it could be lower by the time you read this!)....
...Is online gambling group 888 paying an inflated price for William Hill’s international business?...
...The S&P 500 has risen by 5.6 per cent on average in the three years after both slopes have been downward, meaning losses after inflation....
...F1’s US owners Liberty Media are bringing a touch of Super Bowl spectacle to the sport....
...“Sainsbury’s is walking the tight rope of reducing prices to be more competitive whilst also passing on inflation,” said William Woods at Bernstein....
...Revenues at Ocado Retail, the joint venture it runs with M&S, rose 5 per cent to £2.3bn in the 12 months, while group revenues climbed 7 per cent to £2.5bn....
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