International edition
May 16, 2021

The comapny said it hopes to close the transaction by March

Caesars gets partial clearance for $3.7B William Hill deal

Caesars gets partial clearance for $3.7B William Hill deal
Caesars continues to progress through obtaining all necessary regulatory approvals required to close the transaction and is still aiming to complete the proposed combination in March 2021.
United States | 12/29/2020

Caesars Entertainment said Monday the company cleared any federal antitrust concerns over the casino operator’s pending $3.7 billion acquisition of United Kingdom-based sports betting giant William Hill.

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aesars Entertainment announced that it has received clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) to acquire UK-based gambling group William Hill.

Caesars said that the deal has also “received approvals from the Mississippi Gaming Commission on November 19, 2020, and the West Virginia Lottery on December 16, 2020.”  Additionally, the combination requires the English High Court's final approval and administrative and post-closing approvals from other U.S. agencies.      

Caesars had announced the acquisition of William Hill in a transaction worth £2.9 billion ($3.7 billion) in October. The deal is part of the company's plan to expand its presence in the fast-growing US sports-betting market. Caesars continues to expect to close the deal in March 2021.

Last week, Caesars announced the divestment of its Southern Indiana operation to Eastern Band of Cherokee Indians for $250 million.

 

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