888 approved for $2.4bn buy of Caesars’ non-US business
Summary: UK operator 888’s shareholders have approved the group’s $2.4bn buyout of William Hill’s non-US assets from Caesars Entertainment. Why it matters: The reverse takeover means 888 now owns one of the largest UK online and retail bookmakers and gains a significant footprint in European online sports betting markets.It also means Caesars Entertainment will be […]
Lord Mendelsohn, non-executive chairman of 888, on acquiring William hill’s non-US assets from Caesars Entertainment
888 on acquiring William hill’s non-US assets from Caesars Entertainment “We are delighted with the support of our shareholders for our proposed acquisition of William Hill and would like to thank them for their continued, constructive engagement as part of this process. We look forward to completing this transformational acquisition at the end of June, […]
Markets react negatively to current spend by gambling companies
On the markets’ reacting to the current level of spend in the gambling space”The idea that you can go and just burn capital, you can see how the markets are reacting to companies that are doing that.”- Christian Goode, CEO, IG Acquisition Core (Source Link)
MA Senate President satisfied with sports betting bill
Summary: In an interview with Boston Public Radio, Karen Spilka, the president of the Massachusetts Senate, said she would have voted yes had the Senate’s sports betting bill gone to roll call. Why it matters: Spilka told BPR her yes vote was due to her contentment with the consumer protections in the Senate bill. The […]
Indy 500 taps Caesars as official sports betting partner
Summary: Caesars inked a deal with the Indianapolis Motor Speedway making it an official betting partner of the Indy 500 and IMS. Why it matters: The deal includes a Caesars’ on-site sports betting lounge at IMS. Caesars Sportsbook Lounge at Pagoda Plaza will be open to spectators on race and practice days and provides “Caesars […]