William Hill receives Caesars and Apollo offer

Finance, International

After receiving a proposal from both parties separately, the negotiations are in progress, without there being indications that indicate that any of them will be formalized. Neither are known Details on which terms could be carried out.

In the first half of 2022 William Hill has seen his business conditioned by the pandemic and The return of VAT Between 2005 and 2013, due to the incorrect application of fiscal laws according to a British court. As a result William Hill obtained a net profit of more than 11 million pounds. In the first year, the losses had exceeded 62 million.

William Hill y Caesars

However, the turnover figures for the first half of 2022 (554,400,000 £) accounted for a year-on-year decline of 31.7%. Only the online section increased by 0.5% compared to the same period in 2019.
Caesars and Eldorado Resorts They are in full procedures, announced in July 2019. Previously in 2018 William Hill and Eldorado Resorts signed an agreement by which the betting house became the exclusive operator of the casino sports betting.

William Hill has exclusive rights as sports betting operator in Caesars. In addition, Caesars Entertainment Corp. is already owned by 20% William Hill US for its association with Eldorado.

Steps on the purchase of William Hill

On September 28 Caesars announced in a press release that had initiated a public offer of 30 million ordinary shares with the ultimate goal of buying William Hill.

Its assessment of the betting house would be around 3,200 million euros. Currently William Hill Plc. It has more than 300,000 online accounts of registered players, and more than 2,400 establishments mainly in the United Kingdom, although also in other countries such as Australia.