19 Oct
In News
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After opposition from shareholders, William Hill and Amaya call off merger talks

In a significant new development in the world of iGaming, William Hill and Amaya – two of the biggest players in the market – have ended their merger talks.

It was only last week that the two companies had publicly announced their intentions to join forces to constitute a £5.7 billion (€7 billion/€6.3 billion) entity.

However, with opposition from within their ranks to this deal, the two parties called off the talks.

The single largest shareholder Parvus Asset Management too voiced its concerns with regards to the potential merger.

“Trading has continued to be positive in the second half of the year with work focused on improving online performance across mobile gaming and key customer journeys,”the statement said.

“The board continues to expect operating profit for 2016 to be at the top end of the previously guided £260 million to £280 million range.”

Divyesh Gadhia, chairman of Amaya, said:

“Amaya is a strong and growing company with experienced management and a proven strategy to deliver profitable growth and shareholder value.

“Together with our financial advisors, we evaluated a wide range of strategic alternatives to maximise shareholder value and have concluded that remaining an independent company is in the best interest of Amaya's shareholders at this time.

“The board has full faith in Amaya's management to execute on its strategy and objectives.”

 

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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