Caesars buys Wlliam Hill

[Hotpizza]

3.7 Billion dollar deal.

William Hill currently owns 80% of a U.S. joint venture with Caesars, running sports betting operations online and at Caesars' locations.

Caesars said it intends to finance the deal with an equity capital raise of 30 million shares, alongside existing cash and $2 billion in new debt

Should be interesting moving forward.

 

[Jstack34]

Hoping that stock keeps going up

 

[sharky99]

probably a good buy with their footprint in the market and the anticipated rise in future years of sportsbetting across the country and globally.

 

[PoundFoolish]

William Hill stockholders got screwed.

kth)(&^