New bettor for international fusion

As William Hill and Crownbet negotiate a potential fusion, Paddy Power Betfair joins the discussion.

Australia.- As Crown Resorts is allegedly negotiating an agreement with UK sports betting operator William Hill in order to expand both operators’ services in the licensed gaming markets, Paddy Power Betfair has joined the debates to plan a potential fusion between major operators for the international market.

After Crown Resorts, which holds a 62 percent stake in Crownbet, and William Hill revealed their intentions of merging, the Reuters news agency reported that Paddy Power Betfair has also entered the race.

Crown Resorts representatives revealed: “Crown Resorts Limited notes media speculation today in relation to consolidation in the online wagering industry, including in relation to CrownBet, which is 62% owned by Crown.

“Crown evaluates opportunities regarding its investments from time to time. Crown confirms that it is in discussions concerning its interest in CrownBet. There is no certainty as to whether any transaction will eventuate.”

Meanwhile, William Hill’s statement added: “William Hill confirms that it is in very preliminary discussions with CrownBet, the 62% owned online wagering business of Crown Resorts, regarding a possible combination of William Hill Australia, a wholly owned subsidiary of William Hill, and CrownBet.”