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CrownBet agrees acquisition of William Hill Australia

6th March 2018 8:06 am GMT
William Hill

William Hill has sold its Australian wagering business to CrownBet, the online sportsbook operator owned by The Stars Group.

William Hill will receive AUD$300m for the business, which was put up for review earlier this year following the introduction of the credit betting ban in Australia and the proposed introduction of a point of consumption tax.

In the year ended December 26, 2017, William Hill Australia generated revenue of AUD$201m and EBITDA [...]

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