City news sources report that New York investment fund Apollo Global Management will bid to acquire William Hill Plc’s ‘non-US assets’, as the FTSE250 firm moves to merge with US strategic partner Caesars Entertainment. Apollo had formally announced its intentions to bid for an outright acquisition of William Hill. However, the investment fund’s pursuit of the heritage UK betting group …
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Betfred founder Fred Done is reported to be eyeing a swoop of William Hill’s UK retail estates at a discount price, as rumours circulate as to how Caesars Entertainment will reshape the company, following this morning’s approval of its £2.9 billion takeover offer. Done has been branded as the big winner of the Caesars deal, having built a 6% stake …
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Caesars Entertainment has confirmed that it has reached an agreement with William Hill which will see the US operator complete a £2.9 billion acquisition of the UK bookmaker. The acquisition, which awaits the approval of anti-trust and regulatory bodies, will support William Hill’s ongoing expansion into the US market by creating ‘one of the largest gaming-entertainment companies’ in the market. …
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Caesars Entertainment has confirmed that it will move forward with an initial £2.9 billion ($3.7bn/€3.3bn) offer to acquire US wagering partner William Hill Plc outright. Closing Friday trading, William Hill confirmed to markets that Caesars alongside US private equity fund Apollo Global, are the two suitors seeking to buyout the heritage UK bookmaker. Caesars has confirmed that it has concluded …
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New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …
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The governance of FTSE250 bookmaker William Hill has confirmed news reports that it has entered a strategic joint-venture with Nasdaq US casino group Eldorado Resorts. William Hill Chief Executive Philip Bowcock declares that the bookmaker has significantly advanced its US position and coverage securing access to ‘Eldorado’s leading regional casino portfolio and customer base of 23 million people’. “Under the …
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FTSE250 bookmaker William Hill is set to significantly expand its US market propositions, entering a strategic joint-venture with Nasdaq casino and leisure group Eldorado Resorts. Sky News has reported that William Hill governance is set to disclose its deal with Reno-based Eldorado, which at present operates twenty casino properties across ten US states. The pending agreement will see Eldorado …
Read More »Sports wagering technology developer Sportech has expanded its presence in US racing with the announcement of two new pari-mutuel technology provision services deals with Emerald Downs and Eldorado Resorts. Sportech will undertake an upgrade of wagering services and track betting provisions for both operators. The developer outlined that it would further service Emerald Downs racing track with an entirely new …
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