It has been announced that one of the largest US gambling operators, Caesars has launched a William Hill takeover bid. The deal, if it goes through it'll give Caesars an opportunity to strengthen its position on the market.
ESPN concluded sports betting deals with DraftKings and Caesar’s Entertainment sports betting partner, William Hill.
William Hill goes live with a new sports betting app in Colorado, just in time for the start of the 2020 NFL season.
The CEO of William Hill US confirmed the operator discusses with Caesars on merging their sports betting and online gaming platforms.
DraftKings have started offering sports betting services in Illinois. The company partnered with the Casino Queen located in East St. Louis. William Hill started offering its services in the state as well and they will soon start offering mobile betting as well.
It has been reported that 119 William Hill venues will not reopen at all. The company has seen increased profit in the first half of 2020. Despite the fact that the company is facing certain challenges in the UK, it embarks on a new and exciting journey in the US.
HMRC is expected to return operators millions of pounds as they have paid in tax more than the amount that they should’ve paid. William Hill will get between £125-£150 million.
The global gaming market will be seriously impacted, and it is expected that the global gambling yield will be lower by over than $50 billion. UK MPs propose gambling companies to limit punters to only £50 per day.