Deals
Stars Group Gets a Piece of William Hill After Failed Merger
- Owner of PokerStars site buys bookmaker’s Australian unit
- Acquisition boosts effort to lower reliance on poker
Pedestrians pass a William Hill Plc betting shop at the Vancouver Quarter open-air mall in King's Lynn, U.K. on Aug. 29, 2017.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The Stars Group Inc. is getting a slice of William Hill Plc after all.
A year-and-a-half after a failed attempt to merge with the British bookmaker, Toronto-based Stars Group bought its Australian subsidiary. The owner of PokerStars said it will spend a combined $315 million to boost its stake in Melbourne-based CrownBet Holdings Pty to 80 percent, and for Crownbet to buy the William Hill unit.