2024.07.19
viejas casino non smokingAlthough there’s the potential for the Bally’s operator to miss out on an outright marriage with its sportsbook partner, Caesars’ stock is still up more than six percent today. The stock soared today on takeover chatter. (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. table games at horseshoe casino28. “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 stock soared today on takeover chatter. sam s town casino bingo captain jack casino free spin codescool cat casino new player bonusIt 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. 28. It’s the private equity company that partnered with TPG in 2008 to acquire the company then known as Harrah’s, which would eventually become Caesars. chinook winds casino aboutShares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. “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 casino portions will open Oct. no deposit bonus casino italy drake casino sign upbest free slot games 2020(Image: Wall Street Journal)That comes after weeks of speculation regarding the fate of the British bookmaker, specifically its flourishing US business. But they liquidated those stakes prior to Eldorado Resorts making a .3 billion takeover offer for the Caesars Palace operator. 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. 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. Recently, 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. morongo casino county island view casino number |