Casino giant Caesars Entertainment has made its first big move since merging with Eldorado Resorts. The company has acquired William Hill, the sports book folks.

William Hill is a one of the biggest names in gambling. The company has a chain of bookmaking shops throughout the United Kingdom, where it’s based, and is also a major online gaming enterprise. Created by William Hill in 1934, today the organization offers online betting along with. William Hill is operated by WHG (International) Limited, a company registered in Gibraltar. William Hill is licensed and regulated by the UK Gambling Commission ( Number: 000-039225 R-319373-009 ) for customers in Great Britain, and licensed by the Gibraltar Government and regulated by the Gibraltar Gambling Commissioner (RGL no. About William Hill. Founded by William Hill himself, William Hill betting shops were born in the UK and have offered sports fans a superior betting experience for over 86 years. Hill was a self-starter who bet it all on himself, and this mindset has carried over for nearly a century as the betting and gaming company has become a leader in its industry around the world. William Hill was the biological father of Randall. He abandoned Randall at a fire station soon after his birth. He was also bisexual. He had Stage 4 stomach cancer and passed away from it.

Caesars is purchasing William Hill for $3.7 billion, and the deal is expected to close in the second half of 2021.

For each share held, William Hill shareholders will get 272 pence. We have no idea what those are, but they sound adorable.

Sports betting has taken off in recent years, despite our best efforts, and it’s clear Caesars Entertainment wanted a bigger piece of the action.

The purchase of William Hill wasn’t without some drama, of course. Apollo Global Management was also interested, but Caesars made it clear if Apollo won the bidding war, Caesars would pull the plug on its deal with William Hill.

William Hill has an existing partnership with Caesars Entertainment, running its sports book operations at Caesars casinos in 16 states across the U.S.

It sounds like Caesars will sell off William Hill’s overseas assets, including in the U.K., where William Hill is based.

As we are not a sports person, we’re sort of baffled by the Caesars Entertainment purchase of William Hill.

Caesars has about $8.8 billion in debt already, and this seems a hefty investment in a part of the casino business that brings in relatively little revenue.

Sports books tend to be an amenity for players, like salons and poker rooms.

Yes, this is exactly what everyone at every sports book looks like.

For example, in August 2020, Nevada casinos made $17 million from sports betting. That’s all Nevada casinos, combined. Before taxes and expenses.

While $475 million was wagered, the “hold” was a mere 3.58 percent.

We keep hearing people talking about the “fast-growing legal sports betting industry in the U.S.,” so we’re probably missing something.

Casino companies are obviously betting big on the potential future growth of online sports wagering, and online gambling in general.

Ultimately, such acquisitions tend to be about data. Yours, specifically. Each of these companies have valuable databases, and now they get to share.

It’s unlikely sports bettors will see many changes to their favorite sports books resulting from this deal.

Opinions vary widely about William Hill, with approximately one percent of its customers kvetching 24/7, but the company pretty much owns the sports book realm in Las Vegas.

Yes, we accidentally took a photo of the sports book at Tropicana. We were drunk.

Sports, in general, is taking up more Las Vegas bandwidth, given its new big league teams, the Vegas Golden Knights and Las Vegas Raiders.

William Hill Wiki

The bottom line: Good luck finding a Las Vegas bar or restaurant without sports on.

Who Is William Hill Darts

You can read more about “compelling strategic rationale” of the purchase of William Hill by Caesars Entertainment in the news release.

William Hill Sportsbook

Or just read our superficial and clueless take on this “historic acquisition” again. You do you.