Odds on takeover

BRITISH betting firm, fronted on TV by such stars as Ray Winstone is likely to be taken over by Caesars Entertainment, the US Company which owns Caesars Palace in Las Vegas for £2.9 billion (€3.2 billion) subject to shareholder agreement.

What attracts the American Company is that William Hill USA (in which Caesars holds a 20 per cent stake) has 170 betting shops scattered across the USA.

The board of William Hill, which is unlikely to open more 100 betting shops in the UK, sees this as an opportunity to gain value for shareholders in what may be a stagnant market.


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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews