Less than a week after Caesars Entertainment purchased the British bookmaker for $3.7 billion, talk has already started that they will breakup William Hill and sell off pieces of the company. Caesars seems clearly set to focus on the American assets of William Hill, saying that they will “seek suitable partners or owners” for the UK portions of the company. They estimate the U.S. sports and online betting market to be worth somewhere near $35 billion. Analysts estimated William Hill’s non-U.S. assets could fetch Caesars between $2 billion and $4.5 billion. The company could put that money toward repaying its…

It’s been a crazy month for sports betting in America. Caesars Entertainment was brokering deals after being purchased by Eldorado Resorts. The biggest being their acquisition of William Hill. Their CEO, Tom Reeg, recently spoke to CNBC about the legalization of sports betting in this country, and how it’s one of the biggest growth opportunities for gaming in twenty years. “This is an enormous opportunity. I’d liken it to when states outside of Nevada and New Jersey started to legalize riverboat casinos in the ’90s,” Reeg said. “We think there’s a lot of money to be made here over time,…

In a move that is sure to shake up the gambling industry, Caesars buys William Hill for close to $4 billion. The deal was announced today, as shareholders of the British bookmaker will receive a 25% premium with a closing share price of 217.60 pence. The two companies said on Monday that they were in advanced talks over a possible offer at 272 pence for each William Hill share, which the U.K. company said was “minded” to recommend to its shareholders. ““William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers…

Following a year long process with regulators in different jurisdictions, the merger between Caesars Entertainment and Eldorado Resorts is finally complete! And together they have created the largest gambling company in the world! We also cover news from Atlantic City and review a new casino skill game.   New Jersey gaming regulators gave the final approval Friday for a $17.3 billion merger of Eldorado Resorts and Caesars Entertainment, clearing the way for a deal that will create the world’s biggest gambling company. The New Jersey Casino Control Commission voted 2-0 in favor of the proposal, which for the time being…

It took a while to get regulators to sign off on the idea, but now that the ink is dry the merger between Caesars Entertainment and Eldorado Resorts has created the worlds largest gaming company. Nevada gambling regulators approved the buyout last week, followed by Indiana casino and horse racing authorities. Eldorado agreed to sell three of its five casinos in Indiana. Executives also have floated plans to sell at least one Las Vegas Strip property. New Jersey gaming regulators gave the final approval Friday for a $17.3 billion merger, and Eldorado is expected to close the deal in coming…

Casinos across America are starting to welcome guests back, but Harrah’s Reno will not be among them. Caesars Entertainment has announced that the company does not have plans to reopen the property. The building will now be changed into a non-gaming property and named the Reno City Center. It will consist of about 540 market-rate rental apartments. Caesars previously announced in January an agreement to sell the property, which has operated for more than 82 years. Harrah’s Las Vegas will not be effected by this. You can read more about the permanent closure of Harrah’s Reno at Yogo Net.