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mgm casino listAs 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 property is set to open Oct. 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. (Image: Wall Street Journal)That comes after weeks of speculation regarding the fate of the British bookmaker, specifically its flourishing US business. But they liquidated those stakes prior to Eldorado Resorts making a .3 billion takeover offer for the Caesars Palace operator. 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. is morongo casino 18 and over

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