2024.07.17
downstream casino lawsuitWilliam Hill said it has received “separate cash proposals” from Apollo International Management and Caesars. Trip.com’s outlook confirms as much.“As a result of the continued negative impact due to COVID-19 in the third quarter of 2020, the Company expects net revenue to decrease by approximately 47%-52% year-over-year for the third quarter of 2020,” said the internet travel firm in a statement.For the June quarter, Trip.com said packaged tour revenue slid 88 percent, while corporate travel turnover was lower by 47 percent. “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. seneca niagara casino date nightThe William Hill sportsbook at Monmouth Park in New Jersey. Second, William Hill runs Caesars’ sportsbooks, and Harrah’s operator owns 20 percent of the British firm’s US business.Apollo Possible WildcardThe introduction of Apollo is a boon for William Hill investors. The William Hill sportsbook at Monmouth Park in New Jersey. jamul casino buffet 500 nations free slot gamesborgata online casino bonusMany of the resort’s 777 hotel rooms will open before the end of the year, Stevens told the commissioners in a vMany of the resort’s 777 hotel rooms will open before the end of the year, Stevens told the commissioners in a v(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. real money online casino kansasCirca Resort and Casino has cleared its final hurdle to begin operating next month as the first hotel-casino in 40 years built from the ground up in downtown Las Vegas. “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. fanduel casino va encore casino locationsisland resort and casino couponsApollo 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. It 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. omy results for the July through September period. 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.Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. The stock soared today on takeover chatter. roulette casino online betting drake casino refer a friend |