UK: William Hill CEO steps down as 888’s takeover set to close this week

Sunday, June 26, 2022 4:31 PM
  • Bill Barber, Racing Post

Ulrik Bengtsson has stepped down as chief executive of William Hill as the acquisition of the bookmaker by 888 nears completion.

Bengtsson, who joined Hills as chief digital officer in 2018, succeeded Philip Bowcock in the autumn of 2019 and during his tenure oversaw the company’s £2.9 billion takeover by Caesars Entertainment.

However, the US casino giant had made clear it only wanted to keep Hills’ American operations and sold on the company’s international arm to online gaming and betting operator 888 last September for £2.2bn, although the price has subsequently been reduced to around £2bn.

The deal is expected to be completed on July 1.