top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

9 Sept 2021

Ceasers Entertainment closes Deal with 888 Holdings for 2.2 Billion Pounds

The Index Today

Ceasers Entertainment Inc announced on Thursday its agreement to sell William Hill’s non-US assets to online betting and gaming company 888 Holdings for 2.2. Billion pounds. The deal is expected to be closed around the first quarter of the 2022.
The casino entertainment company will earn approximately 835 million pounds as net proceeds after the deduction of payable debt and other expenses. Tom Reeg, CEO at Casers stated, “As we said we would have when we announced the offer for William Hill PLC, we have found an owner for the William Hill business outside the US which shares the same objective, approaches and longer-term ambitions of that business.”
This statement reflects that the deal was closed to purse transformational objectives and help diversify the company’s assets and product mix. Both corporations 888 and WHI will be working together improve operations, sales and profit margins.
The combined company’s annual revenue and adjusted EBITDA last year would have been $2.5 billion and $464 million.

©Photo: wallpaperflare

Clay pottery with table linens
bottom of page