Tag Archives: Caesars Entertainment

William Hill ‘could not be happier’ with Northumberland Plate sponsorship

William Hill has lauded its newly signed title sponsorship of the three-day Northumberland Plate festival, confirmed in cooperation with the Arena Racing Company (ARC). The agreement will see William Hill benefit from prominent branding displayed around the racecourse, alongside race titles for the Saturday card and other feature races such as the Seaton Delaval Handicap, Hoppings Stakes and Gosforth Park …

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William Hill initiates LatAm expansion with Colombia launch

William Hill has made the first steps into expanding into the burgeoning South American gambling landscape, building on its acquisition of Alfabet SAS to launch in Colombia. The acquisition of Alfabet was initially conducted in December 2020, in a deal which saw the then Gibraltar and UK-based operator acquire a majority stake in the company which has operated the BetAlfa.co …

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LeoVegas to refresh Expekt brand and systems for Swedish relaunch

LeoVegas AB has announced the completion of its €5 million acquisition of legacy online sportsbook Expekt from Betclic Group – a deal announced last March.  The Stockholm-listed online gambling group will move to revamp Expekt’s platform and further rebrand the heritage firm’s identity, which had formerly traded as one of the Nordic markets most popular online sportsbooks during the 2000s. …

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Entain monitors sale of William Hill’s European assets

The leadership of Entain Plc is closely monitoring the planned sell-off of William Hill’s UK and European assets by new owner Caesars Entertainment.  Group CEO, Jette-Nygaard Andersen, disclosed to Bloomberg that the FTSE100 firm was looking at the possibility of acquiring William Hill’s UK/European divisions, which are set to be divested by Caesars Entertainment as new owner of the heritage …

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LeoVegas poised to launch in New Jersey following Caesars deal

LeoVegas has set its sights on the New Jersey betting market, having developed plans to launch its online casino brand in the state, following an agreement with leading US gambling conglomerate Caesars Entertainment. Marking its first expansion into the burgeoning US gambling industry, LeoVegas expects to be able to accept its first American customers during the first half of 2022, …

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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

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

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

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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