Not many could predict a start to the year involving trouble in the Middle East, a CEO falling on his sword, and a record £19.2m ($23.6m) gambling fine for 888 Holdings. With these issues mounting on all sides for the operator, it makes sense that the company wouldn’t be planning expensive team-building exercises for Q2.
Instead, news emerged Tuesday that leading UK property auction house Allsop is bringing a circa £7m ($8.7m) portfolio of William Hill properties to market, a sign of 888’s increasingly desperate financial situation. 888 purchased William Hill’s UK assets, including its retail shops, for a fee of $3.47bn in September 2021.
prices ranging from £95,000 ($118,707) to £130,000 ($162,441)
According to Lancs Live, Allsop will put 58 William Hill betting shops under auction, with prices ranging from £95,000 ($118,707) to £130,000 ($162,441). The regional news source lists three William Hill properties up for auction in Lancashire, and states one of the sites in Great Harwood “comes with a let to the William Hill organisation for 15 years.”
Allsop stated customers wanting to attend a viewing must register before April 11, with the auction of the 58 properties to end April 20.