William Hill and GVC Holdings have completed the acquisition of Sportingbet after all of the conditions set out in the Scheme Document became effective Tuesday.

In a statement this afternoon, William Hill said that it had completed the acquisition of Sportingbet's Australian business, and has been granted a call option over Sportingbet's locally licensed Spanish business, for a total cash consideration of £459.4m.

“This acquisition is part of our core strategy to expand selectively into international markets and to grow online revenues,” said Ralph Topping, chief executive of William Hill.

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