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International sports betting and casino operator Tipico plans to takeover William Hill operations in Europe. The operator is one of the companies that want to buy William Hill's European sports wagering shops. Also, its bid is more than $2 billion.

According to pay per head reports, The German gambling company is one of the bidders who want to control the sports betting giant's high street shops. Also, it would go against several investment firms and operators, including 888 Holdings, Betfred, and Apollo Global Management.

In 2016, CVC Capital Partners bought Tipico. It would also fund most of the bid for William Hill's European assets. Also, gambling news sources described Tipico as a credible bidder. Finally, Caesars Entertainment acquired William Hill through a multi-billion-dollar deal. It was the most significant merger in modern gambling history.

Tipico Plans to Takeover William Hill

Since the procurement of William Hill by Caesars, it plans to sell the organization close by its tasks outside of the US. According to gambling and other sports news sources, Caesars employed Deutsche Banking to start a sale. The assumption is to surpass the possible cost of £1.5 billion because of the excessive interest.

With William Hill's huge European impression, the brand conveys a significant presence in business sectors like Italy and Spain.

Concerning Tipico, this procurement could end up being a remarkable chance at the ideal opportunity, with the recently re-controlled German betting business sector offering new licensing options for sports wagering.

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