UK bookmaker William Hill has completed the acquisition of American Wagering, Brandywine Bookmaking and the racing and sportsbook assets of Sierra Developments, which trades as Cal Neva.
Only last week the company received its non-restricted gaming licences by the Nevada Gaming Commission, clearing the way for the company to start operating in the US.
The price tag on the acquisitions is around $49m (£31m) in total and were funded in cash.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price fell 1.78% to 281.50p by 10:20.
NR
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
