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William Hill concurs ₤ 2.9 bn takeover by Caesars Palace owner
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Caesars Entertainment, the Las Vegas casino-owner, has struck a ₤ 2.9 bn deal to take over UK betting firm William Hill.
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the yohaig code boards of the US company and William Hill agreed a cash deal of 272p a share topic to shareholders voting in favour.

US private equity company Apollo had likewise tried to take over William Hill.

But Caesars said that if the UK business selected Apollo, it would a joint endeavor in between them.

Caesars owns a 20% stake in William Hill's US operations, which also have exclusive rights to run sports wagering under the Caesars brand name.

The US firm, which owns Caesar's Palace in Las Vegas, is particularly interested in William Hill's US bookmaking business which presently has 170 retail websites in 13 various states.
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In August William Hill stated it would not be reopening 119 of its UK High Street betting shops after the coronavirus shutdown, stating it did not expect customers to return in the numbers seen before the yohaig code pandemic.

William Hill said its directors would "unanimously and unconditionally" suggest that investors accept the bet9ja's welcome offer.

The Caesars Palace owner plans to discover other owners for William Hill's non-US services, including its more than 1,400 UK betting stores.

It said it would incorporate the US business into Caesars with very little task cuts.

The agreement comes quickly after William Hill said it was inclined to suggest Caesars' deal.

Roger Devlin, chairman of William Hill, said: "The William Hill board believes this promotion code is the yohaig code best option for William Hill at an appealing price for investors."

Caesars chief executive Tom Reeg said: "The chance to combine our land based-casinos, sports betting and online video gaming in the US is a truly amazing prospect."
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Caesars Palace-owner tables ₤ 2.9 bn William Hill quote

28 September 2020
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Takeover battle looms for bookmaker William Hill

25 September 2020
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