kansas star casino covid 19That’s because Chinese tourism in general is still being hindered by the pandemic. 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. 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. black hawk casino birthday specials28. 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. legends soaring eagle casino

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free casino slots downloads offlineRecently, 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. “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.Csanta ana casino rio rancho nmirca Resort owner Derek Stevens has won approval for his new hotel-casino in downtown Las Vegas. jamul casino steakhouseAs 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. 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. 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. online slots real money washington state

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z casino black hawk coloradoThe casino portions will open Oct. 28. Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. 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. 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 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. turtle creek casino suttons bay