888 Holdings (DI) (888)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

88.60p
   
  • Change Today:
      0.100p
  • 52 Week High: 130.10
  • 52 Week Low: 51.65
  • Currency: UK Pounds
  • Shares Issued: 449.11m
  • Volume: 773,063
  • Market Cap: £397.91m

888, Caesars agree cut in deal price for William Hill intl assets

By Frank Prenesti

Date: Thursday 07 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Gambling firms 888 Holdings and Caesars Entertainment have agreed a cut in the deal value of William Hill's international assets due to tougher economic and regulatory conditions.
888 also unveiled plans to raise funds via a placing to help pay for its acquisition of the non-US operations.

William Hill's international assets now have an enterprise value of £1.95bn - £2.05bn, compared to £2.2bn when the deal was announced last September. William Hill was bought by US gambling giant Caesars Entertainment in a $4bn deal last year.

888, which had already announced a £500m share placing to help fund the purchase, said it would place up to 70.8 million new ordinary shares - around a 19% stake.

The new terms of the deal include a £250m cut in the amount payable on completion and a deferred payout of up to £100m payable in 2024, the company said. The cash amount payable to Caesars at closing has been cut to £584.9m from £834.9m.

888 added that 2022 first-quarter revenue was currently expected to be in the range of $222m - $226m, down mid-teens year on year due to regulatory impacts, temporary closure of The Netherlands, and the "very strong comparative period that was impacted by leisure restrictions across several of our key markets".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

888 Market Data

Currency UK Pounds
Share Price 88.60p
Change Today 0.100p
% Change 0.11 %
52 Week High 130.10
52 Week Low 51.65
Volume 773,063
Shares Issued 449.11m
Market Cap £397.91m

888 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.72% above the market average90.72% above the market average90.72% above the market average90.72% above the market average90.72% above the market average
95.83% above the sector average95.83% above the sector average95.83% above the sector average95.83% above the sector average95.83% above the sector average
Price Trend
12.34% below the market average12.34% below the market average12.34% below the market average12.34% below the market average12.34% below the market average
7.14% below the sector average7.14% below the sector average7.14% below the sector average7.14% below the sector average7.14% below the sector average
Income Not Available
Growth
20.71% above the market average20.71% above the market average20.71% above the market average20.71% above the market average20.71% above the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

888 Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Sep-21 25-Mar-21
Paid 13-Oct-21 24-May-21
Amount 4.50¢ 10.40¢

Trades for 28-Mar-2024

Time Volume / Share Price
13:50 21 @ 88.60p
13:44 10,000 @ 88.30p
13:41 11,000 @ 88.91p
13:40 7 @ 88.60p
13:36 10 @ 88.30p

888 Key Personnel

CEO Per Widerström

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