Tag Archives: Caesars Entertainment

Caesars announces closure of £2.9bn William Hill takeover

SBC News Caesars announces closure of £2.9bn William Hill takeover

Caesars Entertainment has announced the final closure of its £2.9 billion takeover of Gibraltar-registered online and retail betting operator William Hill. Under the terms of the transaction, Caesars will acquire all of William Hill’s online and offline assets, intending to sell all non-US business divisions, including the UK and international online verticals, as well as the operator’s extensive suite of …

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Caesars secures High Court approval for William Hill acquisition

SBC News Caesars secures High Court approval for William Hill acquisition

The High Court of Justice in England and Wales has approved Caesars Entertainment’s acquisition of British retail and online bookmaker William Hill. Following the ruling by the High Court, the transaction will be completed as of 22 April, ending three weeks of uncertainty surrounding the deal. First agreed in September 2020, Caesars offered a purchasing price of $2.9 billion for …

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Bengtsson nominated to replace outgoing Lundberg at Raketech

SBC Leaders: Regulatory blindspots and the industry’s COVID bounceback

Ulrik Bengtsson has been nominated to join Raketech as the gaming performance marketing firm’s new Chairman of the Board, replacing the outgoing Christian Lundberg. Bringing considerable experience to the role, Bengtsson has a bachelor’s degree in management from Dalhousie University in Canada, and has held key positions at several major betting and gaming operators, and media companies, throughout his career. …

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William Hill to delist from the FTSE on 1 April

SBC News William Hill to delist from the FTSE on 1 April

William Hill Plc has issued an update on the ‘timetable and conditions’ regarding its $3.6 billion takeover by US strategic partner Caesars Entertainment.      Caesars takeover bid was first disclosed and recommended by William Hill’s board to shareholders on 30 September 2020. Subject to shareholder and regulatory approval, Caesars $3.6 billion bid was put forward by the US operator’s special unit …

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UK Gambling PLCs take centre stage on Budget week

SBC News UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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William Hill foots £30m retail loss for rollercoaster 2020

SBC News William Hill foots £30m retail loss for rollercoaster 2020

William Hill Plc has reported a strong Q4 trading period after closing a transformative year for the heritage FTSE betting group.  Updating investors, William Hill reported that group net revenues during Q4 increased by 9%, driven by a strong sportsbook comeback and the firm’s enhanced product offering and geographical expansion.  Positive Q4 trading has helped William Hill soften 2020 Covid …

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September to October 2020 in Review: Autumn signals a ‘generational change’

SBC News September to October 2020 in Review: Autumn signals a 'generational change'

2020’s Autumn months held no respite for betting leadership, as the sector was placed at the forefront of global business headlines reporting on inbound changes be it through regulatory challenges, M&A or leadership changes… SBC – Politics and M&A make global betting the headline maker…  The betting industry’s autumn proceedings begun with further political maneuverers centred around the UK government’s …

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Caesars takeover of William Hill set to go ahead after antitrust period cleared

SBC News Caesars takeover of William Hill set to go ahead after antitrust period cleared

The antitrust period for Caesars Entertainment’s takeover of bookmaker William Hill has been cleared, it was revealed this week. In a statement, the Nevada-based casino operator commented: “Caesars continues to progress through obtaining all necessary regulatory approvals required to close the transaction and is still aiming to complete the proposed combination in March 2021.” The antitrust waiting period is a …

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William Hill acquires majority stake in Alfabet Colombia to open LatAm vision

SBC News William Hill acquires majority stake in Alfabet Colombia to open LatAm vision

William Hill Plc has secured its first South American sportsbook venture after confirming that it has acquired a ‘majority stake’ in Colombian-licensed operator Alfabet SAS. Closing its 2020 trading, the FTSE250 betting group stated that Colombia will be ‘the ninth regulated betting market in which William Hill will have an active presence’. Operating in Colombia since 2018, Alfabet SAS is …

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Roger Devlin: Caesars offers the best foundation for William Hill’s US multi-state growth

SBC News Roger Devlin: Caesars offers the best foundation for William Hill's US multi-state growth

In accordance with City Laws, William Hill Plc has published a full breakdown and notice of deal procedures related to its agreed £2.7 billion takeover offer by US Nasdaq gambling group Caesars Entertainment Inc.  Approved by William Hill’s board of directors, Caesars £2.7 billion offer will be presented to investors of the FTSE betting group on 17 November for its …

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