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William Hill lauds US effort as firm completes offer to MRG Shareholders

William Hill detailed to its progression both online and in the US are going from Strength to strength, as the organisation recently revealed 92 percent of MRG Shareholders have accepted its £245m acquisition proposal.

The company details in order to enable MRG Shareholders, who have not accepted its offer to tender their shares, the acceptance period is also being extended up to and including Thursday 31 January.

A William Hill, statement said: “Subsequent to the announcement to the offer on 31 October, 2018, William Hill has acquired 5,289,789 shares, corresponding to approximately 13 percent to the shares and Votes in MRG, outside the offer.

” Up to and including 17 January 2019, 32,338,986 shares have been tendered in the offer, corresponding approximately 79 percent of the shares and Votes in MRG.”

Coming in line with its £225- £245m guidance, underlying operation profit is expected to see a four percent year on year profit excluding the impact of enhanced customer due diligence measure in Online and US Expansion costs.”

Philip Bowcock, William Hill of CEO, Explained: “2018 was a pivotal year for both William Hill and the Wider Industry. We now have a greater Clarity around the key challenges and opportunities for our business.

” In 2019 we will remodel our retail offers while building a digitally led international business, underpinned by a sustainable approach as a part of our Nobody Harmed ambition.”

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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