2024.07.08
big fish casino updateSecond, 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. 28. 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. lucky creek casino login lucky creek casino loginThose numbers aren’t specific to Macau, but the figures underscore the long road to recovery the casino destination faces following the COVID-19 pandemic.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. “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. casino upstate new york no deposit bonus casino india 2021sycuan casino busThat’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.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. doubledown casino phone numberTrip.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. 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 property is set to open Oct. no deposit bonus casino world brian christopher slots latest videochumba casino online28. 28. 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.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. 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. 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. drake casino twitter play slots for real money usa |