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Sports
May 7, 2021
MLB’s Arizona Diamondbacks Are Now in the Sports Gambling Business
MLB and Arizona have something in common. They both ushered in a new era last month as MLB held its Opening Day on April 1, after having had to change up the schedule last year due to COVID-19, and the state approving sports gambling a short time later. With the passage of that legislation, Arizona […]
Business
May 5, 2021
Caesars Rebrands William Hill, Ready to Sell Non-US Assets
US casino giant Caesars Entertainment announced plans to significantly ramp up investment in the sports betting space and become a leading sportsbook operator nationwide. Having completed the $3.7 billion acquisition of UK-based sports betting company William Hill in late April, Caesars is now ready to offload its non-US assets. Sale Should Be Complete This Time […]
Business
May 3, 2021
Caesars Set to Bank off Sale of William Hill’s Non-US assets
Now that Caesars Entertainment was able to close on its purchase of William Hill and all of the sports gambling operator’s assets, it’s time to get to work. Caesars made it clear from the start that it would sell William Hill’s non-US assets following the acquisition that cost it $3.7 billion and it’s ready to […]
Insider
April 28, 2021
SuperDraft CEO Steve Wang: “In a National Landscape Overpopulated by Real Money Books, Social Bettors Are Looking for Alternatives”
The United States is welcoming the expansion of sports betting with open arms and, despite some holdout states across the country, the general consensus supports the adoption of more liberal sports betting laws. Yet, the majority of sportsbooks seem to focus on the real money experience where participants have to spend hard-earned cash to participate […]
Industry
April 23, 2021
William Hill Is Now Officially Part of the Caesars Entertainment Family
As Caesars Entertainment jumped through all of the bureaucratic hoops to secure its acquisition of sports gambling giant William Hill, there was some concern that another entity might try to muscle its way in at the last minute. Caesars has now made sure that this won’t happen, as it quickly closed on the purchase deal […]
Casino
April 22, 2021
Caesars Entertainment Ready to Improve Its Atlantic City Operations
2020 and the COVID-19 pandemic may have hurt casino operators’ abilities to generate a lot of revenue, but Caesars Entertainment is taking the situation in stride. It announced yesterday that it will be making a large investment in its Atlantic City properties as it looks to help make the city’s gambling scene popular again. Caesars […]
Business
April 21, 2021
William Hill Acquisition by Caesars Entertainment Now a Virtual Slam Dunk
Attempts to derail Caesars Entertainment’s acquisition of the massive William Hill sports gambling operator have failed. A complaint filed against William Hill by two investment firms that accused it of misleading shareholders and the general public has been thrown out by the High Court of Justice in England and Wales, marking a definitive step in […]
Poker
April 20, 2021
WSOP Inks Deal with CBS Sports as Official TV Partner
Caesars Entertainment has chosen CBS Sports Network as an official TV partner for the WSOP Main Event. Poker Is Back on TV with CBS Sports Deal CBS Sports Network will be the exclusive partner for the World Series of Poker (WSOP) as part of a new deal with Caesars Entertainment, the company behind the most […]
Business
April 16, 2021
NFL Just Signed Several Deals with Major Gambling Operators
As the old saying goes, if you can’t beat ‘em, join ‘em. The NFL was one of several sports leagues that helped push the Professional and Amateur Sports Protection Act of 1992 (PASPA) into law, but it is now creating a new playbook after the US Supreme Court shot down the legislation in 2018. No […]
Business
March 30, 2021
FT: Hedge Funds Peeved with William Hill and Caesars Deal
GWM Asset Management and HBK Capital Management have both sent letters to William Hill’s board of directors protesting what they described as a failure to disclose what they consider as potentially material information. Hedge Funds Raise Issues with William Hill/Caesars Acquisition Hedge funds may be revolting against William Hill’s board of directors, whom they now say failed […]