German gambling group Tipico enters £1.5bn race for William Hill’s non-US assets


A German sports betting group owned by one of the world’s largest private equity firms has entered the £1.5bn race. It is to acquire William Hill’s operations in the UK.

Sky News knows that Tipico, which is majority-owned by CVC Capital Partners, is one of a few bidders vying for the gambling giant’s high street stores and continental European assets.

Also, City sources say, Tipico Group made a “credible” offer for William Hill. It was purchased by Caesars Entertainment of the US for £2.9bn.

Caesars wants to sell the company’s famous brand as well as all of its operations outside of the US. Though, it has hired Deutsche Bank advisers to conduct an auction.






Nassima Azmzm

Nassima Azmzm

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