Caesars Entertainment, Inc. last month announced it has completed its acquisition of British bookmaker William Hill PLC for approximately $4 billion.
The transaction, first announced last September, gives Reno-based Caesars Entertainment ownership of one of the world’s leading betting and gambling companies.
“We are thrilled to complete the acquisition of William Hill, combining two of the premier operations in the sports betting and iGaming industries under one roof,” said Tom Reeg, CEO of Caesars Entertainment. “We look forward to announcing future sports partnerships that will drive long-term growth.”
According to an April 22 press release, the combined companies currently operate sports betting in 18 jurisdictions in the U.S., an industry-leading 13 of which offer mobile sports betting. Caesars plans to be operational in 20 U.S. jurisdictions by the end of 2021.
As previously disclosed, Caesars intends to sell the non-U.S. businesses currently owned by William Hill, including the U.K. and international online divisions and the retail betting shops.
Deutsche Bank, Latham & Watkins, LLP, and Linklaters LLP represented Caesars in the transaction. Barclays Bank PLC, Citigroup Global Markets Limited, PJT Partners, and Slaughter & May represented William Hill.