2024.07.19
mgm casino restaurantsRecently, some investors took stakes in William Hill with the intent of pushing for a sale, displaying no preference in terms of suitors.Apollo being part of this equation is interesting for another reason. The companies have been in talks for weeks about a deal that would combine the sportsbook operations with the former’s iGaming and sports betting units and spin a percentage of the combined entity out to public investors. But they liquidated those stakes prior to Eldorado Resorts making a .3 billion takeover offer for the Caesars Palace operator. ip casino concertsIt was an investment that almost immediately turned bad, as the debt-laden gaming entity filed for bankruptcy protection in 2015.Apollo and TPG held Caesars’ equity until early 2019. (Image: The News Market)After hearing from owner Derek Stevens, the Nevada Gaming Commission on Thursday unanimously granted licensing approval for the resort.Circa will begin operating in two phases. (Image: The News Market)After hearing from owner Derek Stevens, the Nevada Gaming Commission on Thursday unanimously granted licensing approval for the resort.Circa will begin operating in two phases. online gambling tax rate free online poker slotsseven feathers casino larry the cable guyAs today’s price action in the name suggests, a bidding war is great for the target’s shareholders.It’s not necessarily bad for Caesars, either. 28. The William Hill sportsbook at Monmouth Park in New Jersey. big dollar casino no deposit bonus april 2020As today’s price action in the name suggests, a bidding war is great for the target’s shareholders.It’s not necessarily bad for Caesars, either. 28. That’s after the sportsbook operator confirmed private equity firm Apollo Global Management (NYSE:APO) and Caesars Entertainment (NASDAQ:CZR) each approached the UK-based company about a potential takeover. grand wild casino free 5 quechan casino table gamesbonus casino codes(Image: Wall Street Journal)That comes after weeks of speculation regarding the fate of the British bookmaker, specifically its flourishing US business. Apollo has other gaming investments, notably a position in Italy’s Gamenet Group.Worst Case Scenario Still AppealingSome analysts believe hope isn’t lost for Caesars to wring some benefit out of its relationship with William Hill, even if Apollo wins the bidding war.In a note to clients today, Roth Capital analyst David Bain said the private equity firm is likely more interested in William Hill’s European business, and that the worst case scenario for Caesars is merely a delay in combining with the UK company’s US operations and spinning off that unit.“We argue there is no significant value built into CZR for such at this point,” said Bain. Those numbers aren’t specific to Macau, but the figures underscore the long road to recovery the casino destination faces following the COVID-19 pandemic.“There can be no certainty that any offer for William Hill will be made, nor as to the terms on which any offer might be made.”Caesars making a run at William Hill isn’t surprising for multiple reasons. The potential target did not say how much the suitors are offering.Discussions between William pechanga casino barsHill and the respective parties are ongoing,” according to a statement issued by the British bookmaker. 28. ruby slots free chip codes four winds casino sign up |