Caesars Entertainment Incorporated’s purchase of William Hill set to close ‘imminently’
In the United Kingdom and the deal that will see American casino operator Caesars Entertainment Incorporated purchase local land-based and online sportsbetting giant William Hill is reportedly set to close ‘imminently.’
According to a Tuesday report from the Las Vegas Review-Journal newspaper, this is the opinion of David Katz from financial services firm Jefferies after the High Court of Justice sanctioned the acquisition yesterday following a legal challenge from a number of William Hill shareholders.
Comprehensive cop:
The newspaper reported that Las Vegas-headquartered Caesars Entertainment Incorporated agreed the £3.7 billion ($5.1 billion) takeover of William Hill in September and was hoping to have completed the arrangement by the end of last month Come from Sports betting site VPbet. This amalgamation was purportedly due to give the American buyer control over some 1,400 land-based betting shops that are spread across the United Kingdom as well as the online sportsbetting domains at WilliamHill.com and MrGreen.com.
Shareholder snag:
However, this timeline was reportedly l…
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