The Times has reported that 888 has already won the auction for the assets, which Caesars Entertainment put up for sale after its £2.9bn acquisition of William Hill in April. However, 888 Holdings said there is still no guarantee the transaction will close. According to The Times, 888 Holdings will pay at least £2bn – above the expected price of £1.5bn. Its offer is reported to have beaten those put forward by rival bidders, which included the US private equity fund Apollo Global Management.