William Hill in Talks for Merger with Amaya

William Hill, one of the leading bookmakers and online casinos in the UK, is in talks for a merger with Amaya Inc, a Canadian online gambling company. The two companies have announced that they are in talks to merge after much fanfare after some press speculation.

Reuters last week reports that Amaya has received bids from two private equity firms, namely GVC Holdings PLC and William Hill.

Amaya runs and operates Full Tilt and PokerStars online gambling sites. The latter is one of the largest poker sites in the world and offers some of the biggest online tournaments. In fact, the site is so influential that it controls 70pc of the worldwide poker industry with 2.26 million active players and 100 million users in their database.

The merger was first announced as early as the beginning of 2016 when Amaya’s Chief Executive David Baazov stated that he and other stakeholders were looking to purchase the company for $2.3 billion CAD. William Hill then said that a special board committee would review the proposal and suggest possible alterations.

Scandal broke in March 2016 when Baazov was accused of insider trading over the 2014 PokerStars deal and subsequently stepped down as CEO in August.


October 12, 2016: posted in Casino Info No Comments

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