Caesars Entertainment lines up debt and equity for £2.9bn William Hill buy

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By Aidan Gregory, Mike Turner
28 Sep 2020

Caesars Entertainment, the US casino operator, is in advanced talks to buy UK gambling company William Hill for £2.9bn in cash. The deal will be financed with an equity raising by Caesars of about $1.7bn and a new $2bn non-recourse loan, secured on William Hill's non-US assets. It may be the start of a cascade of M&A.

Caesars said that if the deal happened, it would probably mean large parts of William Hill being split up and sold off, potentially leading to further M&A.

The “strategic focus remains on the opportunities immediately evident in the US market”, Caesars said on Monday, adding that it intended to ...

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