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Lakers-Heat: Bettors have absurd amounts of money riding on NBA Finals, according to William Hill Sportsbook

October 1, 2020

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The midseason hiatus and subsequent Orlando bubble as a response to COVID-19 has changed almost everything about this NBA season, but it has had a notable impact on gamblers. Bettors that had futures stakes in some of the best teams in the NBA saw their money go up in flames when groups like the Milwaukee Bucks and Los Angeles Clippers couldn’t adjust to bubble ball. The Miami Heat, meanwhile, have rewarded the faith that bettors put in them with one of the more surprising runs to the Finals in recent NBA history.

The numbers on some of the earlier bets placed on the Heat, according to William Hill Sportsbook, are stark. Here are the some of the craziest bets they took:

$200 on the Heat at 200-to-1 to win the title ($40,200 payout).
$600 on the Heat at 75-to-1 to win the title ($45,600 payout).
$2,000 on

Caesars Entertainment buys bookmaker William Hill for $3.7B

September 30, 2020

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ATLANTIC CITY, N.J. (AP) — Caesars Entertainment said Wednesday it is buying the British bookmaker William Hill for $3.7 billion in a deal aimed at binding its casinos ever closer to the fast-growing legal sports betting industry in the U.S.

Caesars said it is interested in the the company’s U.S. assets, and indicated it would seek to sell off William Hill’s assets in the United Kingdom and other countries.

“The opportunity to combine our land based-casinos, sports betting and online gaming in the U.S. is a truly exciting prospect,” Tom Reeg’s Caesars CEO said in a statement. “William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers in the fast growing U.S. sports betting and online market.”

The private equity firm Apollo Global Management Inc. had also been interested in acquiring William Hill; it remains to be seen if the firm

Caesars to buy William Hill for $3.7 billion in sports-betting drive

September 30, 2020

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By Tanishaa Nadkar

(Reuters) – U.S. casino operator Caesars Entertainment agreed on Wednesday to buy British-based gambling group William Hill for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market.

The U.S. group, owner of Las Vegas’s Caesars Palace, intends to sell William Hill’s non-U.S. operations, including more than 1,400 UK betting shops, and said it would integrate the U.S. business into Caesars with few, if any, job losses.

It could sell the UK assets to private equity group Apollo, sources told Reuters this week, and if that failed, launch an auction process.

Online gaming firm 888 said it would be interested.

“We’re looking at different activities and bolt-on acquisitions. This (William Hill’s European business) can definitely fall under that category,” CEO Itai Pazner told Reuters.

Stifel analyst Bridie Barrett, meanwhile, said she viewed a tie-up between Caesars and 888 as increasingly likely in the medium

William Hill investors should take Caesars’ money and run

September 28, 2020

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Lombard nicknamed William Hill, the betting business, Zippy Chippy, a US racehorse famous for 100 starts and no wins after the group’s record of false starts, falls and refusals. The column may have to think of a better nickname after the bookie received a 272p bid from its US partner and casino operator Caesars. It focuses attention on online betting in the US as never before. Until recently, investors’ eyes tended to turn to the negative regulatory outlook for betting in William Hill’s UK heartland. In contrast, US state rulemakers have been freeing restraints on online gambling since 2018.

That was the year William Hill signed a 25-year joint venture with the casino operator El Dorado, which became Caesars Entertainment, to gain access to the US group’s casinos and name. The UK group now claims a 29 per cent share of running sports books in Las Vegas and Nevada gambling

Caesars, Apollo make takeover approaches for UK bookmaker William Hill

September 27, 2020

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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

British bookmaker William Hill PLC said it has received takeover proposals from Caesars Entertainment Inc. and Apollo Management International LLP, the latest sign of global interest in the growing U.S. sports-gambling market.

Sports betting in the U.S. was booming before the pandemic, and the monthslong shutdown of casinos for social distancing this year underscored the value of online sports wagering for major gambling operators. In recent months, betting companies have spun off digital arms and made big investments into online gambling, activity that has been accelerated by the impact of the pandemic on retail revenue, according to analysts.

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William Hill, a London-listed company that has become a major player in the U.S., said Friday that talks with the two potential suitors were ongoing but cautioned there was no

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