Betting share prices slip on William Hill break-up plans

A William Hill takeover will likely see it broken up.

Betting stocks — including that of Paddy Power owner, Flutter Entertainment — fell after UK gambling group William Hill accepted a takeover offer worth less than anticipated and which is likely to see its business broken up.

Flutter shares dipped by nearly 1.5%, while those of Ladbrokes' owner, GVC, tumbled by almost 4%.