{"id":282,"date":"2021-05-21T19:20:41","date_gmt":"2021-05-21T16:20:41","guid":{"rendered":"https:\/\/xxbet-company.com\/entain-mulling-run-at-william-hill-international-business\/"},"modified":"2021-05-21T19:20:41","modified_gmt":"2021-05-21T16:20:41","slug":"entain-mulling-run-at-william-hill-international-business","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/entain-mulling-run-at-william-hill-international-business\/","title":{"rendered":"Entain Mulling Run at William Hill International Business"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/entain-mulling-run-at-william-hill-international-business\/#Entain_Once_Hunted_Now_Hunter\" title=\"Entain, Once Hunted, Now Hunter\">Entain, Once Hunted, Now Hunter<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/entain-mulling-run-at-william-hill-international-business\/#Crowded_Field_for_William_Hill_Assets\" title=\"Crowded Field for William Hill Assets\">Crowded Field for William Hill Assets<\/a><\/li><\/ul><\/nav><\/div>\n<p>Entain Plc (OTC:GMVHY) is considering joining the fray of bidders for William Hill\u2019s non-US assets, including the sportsbook operator\u2019s famed UK betting shops.<\/p>\n<figure aria-describedby=\"caption-attachment-174036\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-174036 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-142x80.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-142x80.jpg?x38396\" alt=\"Entain William Hill\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes.jpg 1600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-174036\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-142x80.jpg?x38396\" alt=\"Entain William Hill\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ladbrokes.jpg 1600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">A bettor outside a Ladbrokes shop in the UK. Owner Entain could make a run at William Hill\u2019s international assets. (Image: Getty Images)<\/figcaption><\/figure>\n<p>Caesars Entertainment (NASDAQ:CZR) recently completed its $3.69 billion acquisition of William Hill. But when that deal was announced last year, the Las Vegas-based casino giant made clear it had no interest in the target\u2019s international businesses.<\/p>\n<p>The Harrah\u2019s operator <a href=\"https:\/\/www.casino.org\/news\/caesars-unlikely-to-sell-las-vegas-casino-until-2022\/\" rel=\"nofollow noopener\" target=\"_blank\">is expected to commence<\/a> an auction for those assets in the coming weeks and could announce a buyer in the third or fourth quarter.<\/p>\n<p>Analysts previously speculated William Hill\u2019s international operations, including the High Street betting shops, could fetch at least $2 billion in a sale. That would help Caesars significantly defray the cost of the takeover.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>We\u2019re looking at everything, so we\u2019re certainly also looking at whether this could be an interesting opportunity,\u201d<\/strong> said Entain CEO Jette Nygaard-Andersen in an interview with <i>Bloomberg<\/i>.<\/p>\n<\/blockquote>\n<p>For Entain, such a purchase would cement its status as one of the largest sportsbook operators in Europe, as the company already controls the Coral and Ladbrokes brands. The firm holds a dominant perch in the sports wagering market with 40 percent share.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Entain_Once_Hunted_Now_Hunter\"><\/span>Entain, Once Hunted, Now Hunter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Earlier this year, MGM Resorts International (NYSE:MGM) made an $11.06 billion bid for Entain, its partner on the BetMGM venture. The British company rebuffed that pitch, saying it didn\u2019t adequately value the firm.<\/p>\n<div class=\"callout\">\n<p>Due to the rapid growth of BetMGM in the US, there\u2019s lingering speculation the Bellagio operator could revisit that proposal and <a href=\"https:\/\/www.casino.org\/news\/mgm-entain-merger-speculation-to-continue-lingering-says-analyst\/\" rel=\"nofollow noopener\" target=\"_blank\">make another run at its partner<\/a>. In the meantime, Entain has morphed from prey to predator, making deals and putting itself in the conversation for others.<\/p>\n<\/div>\n<p>Last month, it acquired Swedish online betting operator Enlabs. It\u2019s also a bidder for Tabcorp\u2019s betting and media businesses. Analysts believe <a href=\"https:\/\/www.casino.org\/news\/apollo-may-not-have-enough-sports-betting-exposure-to-win-tabcorp\/\" rel=\"nofollow noopener\" target=\"_blank\">Entain has the inside track<\/a> over Apollo Global Management (NYSE:APO) in that scenario, because the private equity firm has limited sportsbook operating experience, while the UK is already an established player in Australia, perhaps making it easier to clear regulatory hurdles that would arise through buying the Tabcorp units.<\/p>\n<p>Entain offered $2.7 billion for the Tabcorp businesses. Apollo proposed $3.1 billion, but that pitch includes $500 million for the Australian company\u2019s gaming services unit \u2014 an enterprise it\u2019s not immediately clear that Tabcorp wants to sell.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crowded_Field_for_William_Hill_Assets\"><\/span>Crowded Field for William Hill Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Caesars wants to divest William Hill\u2019s non-US businesses, others see value in a brand that\u2019s highly recognizable in Europe and elsewhere. As such, the auction is likely to <a href=\"https:\/\/www.casino.org\/news\/william-hill-european-business-sale-could-bring-bids-from-888-apollo\/\" rel=\"nofollow noopener\" target=\"_blank\">draw a slew of bidders<\/a> beyond Entain.<\/p>\n<p>Assuming Entain enters the fray, it would likely compete with Apollo on another front, because the private equity company previously tried to acquire William Hill outright.<\/p>\n<p><strong>Other rumored suitors include Israel\u2019s 888 Holdings and Betfred. The former already has online casino and poker assets, indicating sports wagering fills a void, while Betfred has 1,600 retail locations in the UK.<\/strong><\/p>\n<p>There\u2019s also talk some Swedish companies could make offers for the William Hill assets Caesars is selling.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/entain-considering-bidding-for-william-hill-international-assets\/\" target=\"_blank\">Entain Mulling Run at William Hill International Business<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Entain Plc (OTC:GMVHY) is considering joining the fray of bidders for William Hill\u2019s non-US assets, including the sportsbook operator\u2019s famed UK betting shops. A bettor outside a Ladbrokes shop in the UK. Owner Entain could make a run at William Hill\u2019s international assets. (Image: Getty Images) Caesars Entertainment (NASDAQ:CZR) recently completed its $3.69 billion acquisition <a href=\"https:\/\/xxbet-company.com\/nb\/entain-mulling-run-at-william-hill-international-business\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/282"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=282"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/283"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}