Deals
William Hill Owner 888 Soars as UK Gambling Veterans Eye Shakeup
- Investor group has amassed 6.6% stake in British bookmaker
- Consortium includes host of former Entain executives
888 Holdings Plc’s William Hill
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
888 Holdings Plc, the owner of British betting chain William Hill, soared to the highest level in more than four months after a group of gambling industry veterans began pushing for changes at the bookmaker.
Shares of 888 jumped as much as 22% in Wednesday morning trading, extending the previous day’s 14% gain. They were up 20% at 10:33 a.m. in London, putting the company on track for the biggest daily gain since April and giving it a market value of £431 million ($536 million).