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07-02-2012, 09:00 AM
Bookmaker/Casino/Bingo/Poker William Hill (http://www.1bestcasinos.co.uk/WilliamHillCasinoReview.html) will now start operating in Nevada after securing non-restricted gaming licences from the state’s gaming commission.

The licences pave the way for the group to complete the acquisitions of American Wagering, Brandywine Bookmaking and the racing and sportsbook assets of Sierra Developments, trading as Cal Neva, for a total US$49 million.

These acquisitions are now expected to be completed complete on June 27 and integration will take place during summer.


“We are delighted to have been awarded our licence to operate in the State of Nevada. This now enables us to establish William Hill's first ever US operation, an important part of our international growth strategy,” said chief executive of William Hill Ralph Topping.

“We will now bring together these three businesses to create a leading position in the Nevada sports betting market."


The three deals will be funded in cash and are expected to be marginally earnings enhancing next year.

William Hill added that it expects the acquisitions to results in exceptional costs of US$8 million over 2011 and 2012.