SBC News Voice of the Sports Betting Industry
Further to publishing its Q3 trading statement this morning, FTSE bookmaker William Hill confirms that its ‘US division’ will expand its Las Vegas footprint by acquiring the sportsbook assets of CG Technology.
CG Technology has operated Nevada-based sportsbooks since 2009, establishing six luxury wagering premises in The Venetian, The Palazzo, The Cosmopolitan, Palms Resort, the Tropicana and Silverton Casino.
Furthermore, CG Technology acts as lead wagering systems and risk management solution for the casino properties of the Atlantis and Paradise Island.
Leading the acquisition of CG Technology assets, William Hill US CEO Joe Asher stated: “We are pleased to have reached this agreement. This will allow us to expand our Las Vegas footprint to several marquee resorts.
“We look forward to working with our new casino partners and transitioning CG Technology’s retail and mobile customers to our award-winning offering.”
Final approval of the transaction will require regulatory approval by Nevada authorities.
William Hill has further disclosed that the acquisition will include CG Technology’s wagering assets and properties servicing the Bahamas.
Parikshat Khanna, CEO of CG Technology, commented: “We are happy to reach an agreement for the sale of the race and sports book assets of CG Technology to William Hill and look forward to a seamless transition for our loyal casino partners and customers.”
