2024.07.18
turtle creek casino locationShares 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. 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. bicycle casino restaurant menuSecond, 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. 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. Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. the borgata casino and spa slot machines in casinos use which type of partial reinforcement scheduledesert diamond casino buffet(Image: Wall Street Journal)That comes after weeks of speculation regarding the fate of the British bookmaker, specifically its flourishing US business. (Image: Wall Street Journal)That comes after weeks of speculation regarding the fate of the British bookmaker, specifically its flourishing US business. Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. gold spike hotel and casinoSecond, 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. Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. 28. island resort and casino waterpark blackjack online free with friendsnearest casino hartford ctThose numbers aren’t specific to Macau, but the figures underscore the long road to recovery the casino destination faces following the COVID-19 pandemic.As 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. 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 William Hill sportsbook at Monmouth Park in New Jersey. 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. omy results for the July through September period. seminole casino games free casino slot machine apps |