Caesars Entertainment, Inc. is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Caesars Entertainment, Inc.'s resorts operate primarily under the Caesars®, Harrah's®, Horseshoe® and Eldorado® brand names.
London-based William Hill is responsible for over 1,400 retail betting shops spread across the United Kingdom as well as the USA-facing William Hill sport betting operation.
Caesars Entertainment Incorporated recently announced that a $3.7 Billion proposed takeover of William Hill has been approved by the William Hill shareholders subject to the satisfaction of the remaining outstanding regulatory conditions and final approval of the English Court. Each of the resolutions was approved by the requisite majority of shareholders, with over 86% of the votes cast at the meetings in favour of the recommended 272p cash offer transaction.
Reno USA based Caesars has just finished a merger worth $17.3 billon with Eldorado Resorts Incorporated creating the planet’s biggest casino operator with more than 50 venues around the world.
Chief Executive Officer for Caesars Entertainment Incorporated Tom Reeg asserted in a press release that ‘the parties are making progress towards obtaining all necessary regulatory approvals required to close the transaction.’ Reeg continued, “We are pleased to have received William Hill shareholder support for our recommended cash offer. We continue to work towards satisfying the remaining regulatory conditions and look forward to completing the transaction next year and integrating William Hill US into our sports betting and iGaming franchise.”
The acquisition of William Hill is making progress towards obtaining all necessary regulatory approvals required to close the transaction and Caesars is now aiming to complete the acquisition in March of 2021. The press release included a forward looking statement by both companies which says the statements include possible word such as "anticipates," "aiming," "believes," "projects," "plans," "intends," "expects," "might," "may," "estimates," "could," "should," "would," "will likely continue," and variations of such words or similar expressions are intended to identify forward-looking statements.
