After the big speculations, that casino operator from Australia, Crown Resorts want to divest their possession of 62% interest in horse and sports betting brand CrownBet Pty Ltd to “The Home of Betting” the top gaming and betting company William Hill as the buyer.
Crown Resort operator at a press conference on the Australian Securities Exchange said Crown Resorts Limited gives the opinion about the media theory regarding the strengthening in the online gaming industry, more precisely about the 62% owned by them.
From time to time the Crown Resorts Limited calculates the opportunities concerning their investments.
Although Crown confirms that when is a process of their interest, there is no certainty as to whether any transaction will eventuate.
William Hill also came out with an announcement to the Financial Times regarding the rumors that were circling in public, that William Hill is preparing discussions with CrownBet for the 62% of the gambling business of Crown Resorts, relating to a possible combination of William Hill Australia which is owned by William Hill, and CrownBet
Despite that, William Hill added there is no doubt that this dialogue will guide to any transaction.
A year passed since Crown Resorts sold their reaming 11.2% share in Melco Resorts operator from Asia. With this move, Crown Resorts have retrieved from the Asian market and set their concentration to the Australian gambling market.