2024.07.18
paragon casino general managerThe 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. 28. 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. xfinity live casino restaurantsThat’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. 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.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. free casino slots wolf run draftkings casino promo code 2021hollywood casino vegas28. William Hill said it has received “separate cash proposals” from Apollo International Management and Caesars. 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. wild horse pab casino craps tableThe casino portions will open Oct. Although 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. 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. free online poker no money casino 2000 slot machine freeisland resort and casino bark river(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. 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. 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. “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. That’s because Chinese tourism in general is still being hindered by the pandemic. 28. online slots real money mobile chukchansi gold casino employment |