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BRIEF-William Hill US to Benefit Financially From deal Between The Stars Group, Eldorado Resorts

Published 2018-11-26, 02:18 p/m
BRIEF-William Hill US to Benefit Financially From deal Between The Stars Group, Eldorado Resorts
WMH
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Nov 26 (Reuters) - William Hill Plc WMH.L :

* WILLIAM HILL- WILLIAM HILL US APPROVED AND WILL BENEFIT FINANCIALLY FROM AGREEMENT BETWEEN THE STARS GROUP AND ELDORADO RESORTS

* AGREEMENT DOES NOT MODIFY THE STRATEGIC NATIONWIDE PARTNERSHIP BETWEEN WILLIAM HILL US AND ELDORADO ANNOUNCED EARLIER

* WILLIAM HILL RECEIVES 50% OF THE EQUITY OR EQUIVALENT IN STARS GROUP PAYABLE FOR ACCESS TO ELDORADO'S ONLINE SPORTS BETTING SKINS

* WILLIAM HILL REMAINS ELDORADO'S EXCLUSIVE PARTNER FOR LAND-BASED SPORTS BETTING SERVICES.

* WILLIAM HILL WILL ALSO RECEIVE THE FIRST $25 MILLION OF REVENUE SHARE PAYABLE BY STARS AND MAJORITY OF REVENUE SHARE THEREAFTER Further company coverage: WMH.L

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