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William Hill and merger talks
bet9ja.com
18 October 2016
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British bookmaker William Hill and Amaya, owner of the world's biggest online poker service, have actually ended talks of a possible ₤ 4.5 bn merger.

William Hill said it took the decision, external after canvassing views from a variety of significant investors.

Recently, its biggest investor, Parvus Asset Management, heavily criticised the tie-up.

Canada's Amaya, external, which owns PokerStars, stated that staying independent was the very best move for investors.

Amaya said: "Discussions have concluded, and Amaya and William Hill have determined that they will no longer pursue the merger."

'Limited reasoning'

News of the talks emerged previously this promotion code month, with William Hill stating a merger would create "a clear worldwide leader throughout online sports wagering, poker and gambling establishment".

However, Parvus said the bet9ja's welcome offer had "restricted tactical logic" and would "ruin shareholder value".
bet9ja.com
the yohaig code FTSE 250 bookie is seeking to keep up as a number of its close rivals merge. Paddy Power and Betfair have actually merged to develop a FTSE 100 wagering firm, while Ladbrokes and Coral are combining to become the yohaig code UK's biggest High Street bookie.
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Ladbrokes reported a 12% rise in third-quarter income on Tuesday, increased by online development and poor outcomes for fan-favourites Manchester United and Barcelona.
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William Hill, which ousted its president in July after a string of revenue warnings, saw off a takeover technique from casino company Rank and online operator 888 two months earlier.
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Meanwhile, Amaya's shares have fallen 30% in the previous 12 months in the middle of an expert trading examination into its former chief executive, the threat of a $870m (₤ 710m) fine in Kentucky, and slowing potential customers for online poker.

Ladbrokes-Coral sells 359 wagering stores
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