William Hill Group is currently subject to a licence review in Great Britain, and has put £15.0m ( €18.0m/$19.6m) aside to cover the cost of a potential regulatory settlement, prospective buyer 888 Holdings has revealed.
The review and potential sanctions were revealed in the documents related to an update on 888’s acquisition of William Hill’s non-US business.
This update mostly covered an agreement between 888 and current William Hill owner Caesars to reduce the cash portion purchase price for the WIlliam Hill assets by £250m.
888 said the change was intended to “reflect the change in the macroeconomic and regulatory environment” since the deal was agreed last year.
