Two Of The Gambling World’s Biggest Names Are In Talks To Create A Clear Market Leader
Two of the biggest names in world gambling are considering a merger with reports that Canada’s Amaya Gaming and the United Kingdom’s William Hill are in talks to create a unified clear market leader.
The board of directors of both gambling entities have endorsed talks in regards a potential merger of the two, which is said to be in line with each operator’s stated strategic objectives.
Citigroup Global Markets and Macquarie Capital will be serving as William Hill’s financial advisors during the current merger discussions while Amaya Gaming will be represented by Barclays Bank.
As any potential deal would be considered a reverse takeover under the United Kingdom’s Financial Conduct Authority’s Listing Rules, it is thought that it would not come under authoritative hindrance from the City Code on Takeovers and Mergers regulations.
The financial markets have reacted positively to the idea of a merger of both companies as stocks in the two rose upon the news.