..

Caesars Threatens Termination in Bid to Acquire William Hill

Written by:
Aaron Goldstein
Published on:
Sep/29/2020

Caesars Entertainment on Monday raised the stakes in a bidding war over William Hill. It has entered into advanced negotiations concerning the potential $3.7 billion takeover.

WHAT YOU GET FOR JUST $5 PER PLAYER PER WEEK:

  • Easy to use player management system
  • Set player limits and access
  • Create and Edit your players
  • Daily, Weekly and Monthly Player figures
  • Intuitive and reliable reports
  • Player Risk Management Tools
  • And much more - Learn More Here

WHAT YOU GET:

  • sports betting
  • Live Betting
  • Player Prop Bet Builder
  • horse racing
  • digital casino
  • live dealer casino
  • access to our telephone service - Learn More Here

William Hill said it has received another offer from a private equity firm, more specifically Apollo Global Management.

Sports Handle notes that the Caesars’ offer of $3.7 billion (£2.9 billion) represents a 25% premium to William Hill’s closing price of 217.60 pence on Sept. 24, the day before the bookmaker announced the two offers.

Caesars, which already has a mobile joint venture deal with Hill in the US, warned that it would consider terminating that relationship should talks with Apollo continue. Under that scenario, William Hill risks losing a revenue source at casinos in select states.  Will Hill would also be denied access to ESPN pre-game displays and live offerings.

Caesars owns a 20% stake in the U.S. joint venture with William Hill.

“While a termination of the relationship with William Hill under new ownership makes little business sense, it does add risk for a private equity acquisition,” Stifel analyst Bridie Barrett said, according to Reuters.

It’s uncertain whether Apollo — the massive buyout firm led by billionaire Leon Black — will counter Caesars’ proposal.

- Aaron Goldstein, Gambling911.com

Gambling News

Penn National Agrees to Pay $387 Million More to Buy the Remaining 50% of Barstool Sports

Penn National Agrees to Acquire Rest of Barstool Sports

Penn is buying the sports entertainment and gambling company outright, having already paid $163 million for a 36% prior ownership.  This brings the valuation to $450 million.

Bronny James Betting Odds Posted by BetOnline

Bronny James Betting Odds Posted by BetOnline

With LeBron James inking a two-year extension to stay with the Lakers, the speculation is on as to whether or not Bronny James will stay close to home and ultimately play with his pop.

Netherlands aim to limit gambling ads

Netherlands aim to limit gambling ads

The Dutch government is putting a stop to the torrent of gambling ads that flooded Dutch citizens. After opening the market in October 2021, casinos and sportsbooks have been vying over (potential) Dutch players.

Browns Updated 2022 Odds With Deshaun

Browns Updated 2022 Odds With Deshaun Watson 11 Week Suspension

Deshaun Watson saw his suspension revised to 11 games today, and the oddsmakers at SportsBetting.ag were quick to make adjustments for their Super Bowl, conference and division odds.  And it does not look good for the Cleveland Browns.

Browns QB Deshaun Watson Suspension Increased to 11 Games

BetOnline pulled futures odds on the Cleveland Browns once again on news that Deshaun Watson's suspension has been increased from 6 games to 11.

Syndicate