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William Hill to take over Caesars SportsBooks?

Discussion in 'The Sports Book' started by BillDonovan, Jun 26, 2019.

  1. BillDonovan

    BillDonovan Low-Roller

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  2. HoppinHardWays

    HoppinHardWays Low-Roller

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    • Agree Agree x 1
  3. spdandpwr

    spdandpwr VIP Whale

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    Interesting, so how does this work for CZR? They get a cut of the profits OR do they lease the property to William Hill?
     
  4. alexm

    alexm Low-Roller

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    This should have nothing to do with CZR, the language released by WH seems to suggest they will be taking them over, However, with Caesars keeping the Caesars name that may be a workaround. Either way that won't happen until the merger is official.
     
  5. The Rumor

    The Rumor VIP Whale

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    Presumably, it works under the terms of whatever deal exist between Eldorado and William Hill
     
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    • Agree Agree x 1
  6. nostresshere

    nostresshere Mr. Anti Debit Card

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    from what I read elsewhere, the deal with WHill says any property that Eldorado buys will also be a W-Hill site.

    But, keeping in mind that the deal is a long way from completed, and EVERYTHING is negotiable.... it could go either way. Unless of course CET would rather have W-Hill anyways, then it is already done - or close to it.
     
  7. The Rumor

    The Rumor VIP Whale

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    Well, CET doesn't necessarily get a vote, plus this could be part of the 500 M in synergies
     
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  8. dmr

    dmr Registered Abuser

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    Keep in mind that outsourcing is oh-so-trendy in business circles now!
     
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  9. joaks

    joaks desert tortoise

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    Converting the sports books away from the Caesars branding could be one of the first big changes we see because it’s an easier conversion than the merging of the properties and players clubs as a whole. I think this can be done much more quickly, logistically, than many of the other things that our down the pipe. Hate to see it outsourced though.
     
  10. The Rumor

    The Rumor VIP Whale

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    More lines are good for players, and WH is notorious for banning anyone with a pulse who can win
     
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  11. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Was reading this article this morning. When the merger is complete, I'm pretty sure this will happen as Eldorado has a stake in William Hill.

    https://finance.yahoo.com/news/behind-caesars-deal-3-2-090000519.html

     
  12. Don the Dentist

    Don the Dentist LV resident

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    With a financial interest in WH, Eldorado ain't going to keep the CET sportsbook.
     
  13. BillDonovan

    BillDonovan Low-Roller

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  14. IxAccDnf

    IxAccDnf VIP Whale

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    https://www.casino.org/news/william-hill-thinks-it-can-get-caesars-sportsbooks
     
    Last edited by a moderator: Jul 5, 2019