2024.07.19
draftkings at the casino queenThe two investment giants paid moresanta ana casino rio rancho nm than billion for Harrah’s. (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. nearest casino in north carolinaAlthough 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. William Hill said it has received “separate cash proposals” from Apollo International Management and Caesars. 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. casino free chip codes thunder valley casino gambling agelightning slots online real moneyApollo 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 property is set to open Oct. The William Hill sportsbook at Monmouth Park in New Jersey. free online poker multiplayer texas holdem“On the upside, CZR could (get) 100 percent of the value of the combined potential interactive company at a significant discount to what US investors would give it credit for.”The analyst estimates combining Caesars online casinos and sports betting businesses with William Hill USA is worth billion.Circa 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. The casino portions will open Oct. bellagio casino garden luckyland slots casino real moneyonline gambling japanSecond, 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. Csanta ana casino rio rancho nmirca Resort owner Derek Stevens has won approval for his new hotel-casino in downtown Las Vegas. Many of the resort’s 777 hotel rooms will open before the end of the year, Stevens told the commissioners in a vAs 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. The casino portions will open Oct. William Hill said it has received “separate cash proposals” from Apollo International Management and Caesars. big m casino slot machines four winds casino jobs |