Caesars Entertainment buys William Hill

Today, April 21, is the last day when the shares of the British online casino operator William Hill are still put up for auction. On the 22nd, they will be transferred to a new owner, which will be Caesars Entertainment. The purchase was a little delayed due to legal nuances, the initial date of completion of the transaction was set for the first day of the current month. It should be noted that the price was agreed at the beginning of last autumn – 2020, the rate amounted to almost three billion British pounds, which is equal to 4.03 billion in dollar terms. Caesars Entertainment had one competitor – one of the largest betting companies – Apollo Global, but the amount they offered did not suit the shareholders of William Hill and the choice was made towards a more profitable offer. According to analysts, this is a bargain for the giant Caesars, as the company will now have the opportunity to become the largest bookmaker in the United States of America and strengthen its position in the online market. Previously, My Lucky Story, that in April of this year, in Britain, a new chairman of the Commission for Regulating the Starting Price was appointed – Nick Rast, and there is also a competition for a license to conduct a national lottery in this country, the names of five applicants have already been named.