{"id":121125,"date":"2021-09-09T07:49:24","date_gmt":"2021-09-09T07:49:24","guid":{"rendered":"https:\/\/fin2me.com\/?p=121125"},"modified":"2021-09-09T07:49:24","modified_gmt":"2021-09-09T07:49:24","slug":"caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/","title":{"rendered":"Caesars Entertainment To Sell William Hill’s Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal"},"content":{"rendered":"

Casino-entertainment<\/span> company Caesars Entertainment, Inc. (CZR) announced Thursday an agreement to sell the non-US assets of William Hill to online betting and gaming company 888 Holdings Plc (888.L) for approximately 2.2 billion pounds.<\/p>\n

Caesars expects to receive net proceeds from the deal of approximately 835 million pounds or $1.2 billion after the repayment of debt and other working capital adjustments.<\/p>\n

The transaction is subject to receipt of the approval of shareholders of 888 Holdings and regulatory approvals. Caesars expects the deal to close during the first quarter of 2022.<\/p>\n

Caesars CEO Tom Reeg said, “… as we said we would when we announced the offer for William Hill PLC, we have found an owner for the William Hill business<\/span> outside the US which shares the same objectives, approaches and longer-term ambitions of that business.”<\/p>\n

In its statement, 888 said the acquisition of William Hill International represents a transformational opportunity to significantly increase its scale, further diversify its product mix and accelerate the upward shift of its revenue growth profile.<\/p>\n

The combination of 888 and WHI is expected to deliver significant operating efficiencies, including pre-tax cost synergies of at least 100 million pounds per year, leading to improved profit margins. On a pro forma normalised basis, the combined company’s annual revenue and adjusted EBITDA in 2020 would have been $2.5 billion and $464 million, respectively. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Casino-entertainment company Caesars Entertainment, Inc. (CZR) announced Thursday an agreement to sell the non-US assets of William Hill to online betting and gaming company 888 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nCaesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Casino-entertainment company Caesars Entertainment, Inc. (CZR) announced Thursday an agreement to sell the non-US assets of William Hill to online betting and gaming company 888 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-09T07:49:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/\",\"url\":\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/\",\"name\":\"Caesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-09-09T07:49:24+00:00\",\"dateModified\":\"2021-09-09T07:49:24+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Industries\",\"item\":\"https:\/\/fin2me.com\/category\/industries\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Caesars Entertainment To Sell William Hill’s Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Caesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/","og_locale":"en_US","og_type":"article","og_title":"Caesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me","og_description":"Casino-entertainment company Caesars Entertainment, Inc. (CZR) announced Thursday an agreement to sell the non-US assets of William Hill to online betting and gaming company 888 [...]","og_url":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/","og_site_name":"Fin2me","article_published_time":"2021-09-09T07:49:24+00:00","og_image":[{"width":1910,"height":1000,"url":"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg","type":"image\/jpeg"}],"author":"Mark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/","url":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/","name":"Caesars Entertainment To Sell William Hill's Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-09-09T07:49:24+00:00","dateModified":"2021-09-09T07:49:24+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/industries\/caesars-entertainment-to-sell-william-hills-non-us-assets-to-888-holdings-in-2-2-bln-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Industries","item":"https:\/\/fin2me.com\/category\/industries\/"},{"@type":"ListItem","position":3,"name":"Caesars Entertainment To Sell William Hill’s Non-US Assets To 888 Holdings In \u00a32.2 Bln Deal"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/121125"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=121125"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/121125\/revisions"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=121125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=121125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=121125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}