![]() The deal is expected to complete in April 2018.Īrnold Bloch Leibler acted as legal adviser to CrownBet Pty Limited. Proceeds from the disposal will be used initially to reduce William Hill plc indebtedness and invested to support its further growth. The transaction is subject to regulatory approval from Foreign Investment Review Board and the Northern Territory Racing Commission. As of December 26, 2017, William Hill Australia Trading PTY Ltd has reported revenues of AUD 201 million and EBITDA of AUD 47 million. ![]() Deal will be financed through a $250 million (AUD 325.12 million) loan to be taken by The Stars Group Inc by the end of April 2018. ![]() from William Hill plc (LSE:WMH) for approximately AUD 310 million on March 6, 2018. CrownBet Pty Limited signed a binding agreement to acquire William Hill Australia Trading PTY Ltd.
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