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He said it would be “very much business as usual” for William Hill workers for now. Caesars plans to sell William Hill’s UK and European branch networks, which have struggled before and during the pandemic under increased regulatory pressure to tackle problem gambling. William Hill announced the closure of 119 UK branches in August. William hill caesars deal Even before the sale was announced, the two companies had been drawing closer, agreeing on a joint venture in which Caesars owns 20% of William Hill's U.S. business in return for the right to offer sports betting at the more than 50 casinos Caesars runs in the U.S.William hill caesars
“We have been incredibly impressed with the William Hill management team, and I look forward to working with them and the wider William Hill team to create great products for our customers, driven by best in class technology, powerful brands, and benefitting from our significantly enhanced scale.” Phillies vs. Dodgers Prediction, Picks & Player Props Today, Aug. 7 Caesars Entertainment said Wednesday it is buying the British bookmaker William Hill for $3.7 billion in a deal aimed at binding its casinos ever closer to the fast-growing legal sports betting industry in the U.S.
An advantage with preexisting content deals
Tom Reeg, the chief executive of Caesars, said: “William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers in the fast-growing US sports betting and online market.” Forward-Looking Statements Caesars Sportsbook launched a different version of its app with a heavier focus on casino gaming on March 10, 2020. It’s worth noting, however, that the branding and promos offered in the Keystone State are vastly different from those offered by other Caesars Sportsbook iterations. On May 19, 2020, Caesars Sportsbook gained a Midwest presence, launching in Indiana.Caesars acquires william hill
Caesars/William Hill aren't stopping with just a mobile sports betting platform in Virginia. A Caesars branded casino in Danville is on the way and will house its own William Hill branded sportsbook. Keep in mind, Virginia currently is home to zero brick-and-mortar gambling facilities. About Caesars Entertainment, Inc. The entire issued and to be issued share capital of William Hill, other than shares that were already owned by Caesars, are now owned by Caesars UK Bidco, the operating segment of Caesars that led the acquisition offer.
