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New Deal


Announced

Completed

Caesars Entertainment completed the acquisition of William Hill for $3.82bn.

Financials

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Transaction Value£2,998m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.1x
EV/EBITDA18.74x
Share Price Premium57.6%
One Off Charge-

Synopsis

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Caesars Entertainment, an American casino and hotel company, completed the acquisition of William Hill, a bookmaker based in London, for $3.82bn. "The opportunity to combine our land based-casinos, sports betting and online gaming in the US is a truly exciting prospect. William Hill's sports betting expertise will complement Caesars' current offering, enabling the combined group to better serve our customers in the fast growing US sports betting and online market. We look forward to working with William Hill to support future growth in the US by providing our customers with a superior and comprehensive experience across all areas of gaming, sports betting, and entertainment," Tom Reeg, Caesars CEO. Apollo pulled out of a race to acquire William Hill on November 12, 2020. 20/11/2020: William Hill shareholders approve the $3.82bn acquisition by Caesars.

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