Tag: caesars
Caesars Buys William Hill
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…
Planet Hollywood to Reopen October 8th
Caesars Entertainment has announced that another of their strip properties will be reopening soon! The Planet Hollywood hotel and casino will welcome guests back beginning October 8th with the gaming floor open 7 days a week. The hotel, however, will be limited to weekend stays of Thursdays through Sundays. Additional amenities available at the property will include Gordon Ramsay Burger, Planet Hollywood Spa by Mandara, the Miracle Mile Shops, the newly branded William Hill Race & Sports Book and more. This announcement follows the successful reopening of Caesars Palace Las Vegas, Flamingo Las Vegas, Harrah’s Las Vegas, Paris Las Vegas,…
Caesars Makes $3.7 Billion Play for William Hill
As sports betting in America continues to explode, Caesars Entertainment has made a multibillion-dollar offer to acquire William Hill for nearly $4 billion. The companies said in a joint statement that the Caesars could offer $3.45 per Will Hill share, which is an 81% premium to the stock’s average price over the past three months. The deal would give Caesars control of their US joint venture. Meanwhile, William Hill says it has a 32% share of revenue in the Nevada sports betting market while rapidly expanding in other states. The American Gaming Association expects nearly 35 million people, or 13%…
Bally’s Reopen Planned for July 23rd
Plans have been announced for the Bally’s reopen on the 23rd of this month, according to Caesars Entertainment. If all goes as planned, the hotel and casino will welcome guests back beginning at 10am. The latest reopen for Caesars comes after the successful reopening of their other Las Vegas properties at the Flamingo, Harrah’s , Paris, Caesars Palace and the gaming floor at The LINQ. “We continue to see solid customer interest in visiting Las Vegas this summer and, as a result, we are pleased to announce the reopening of Bally’s Las Vegas – gaming, hotel, restaurants and other amenities…
Vegas Casino Employees Could be Fired Over Masks
As Nevada continues to report record new cases of Coronavirus, some Las Vegas casino employees could be terminated for refusing to wear face masks. Spokespersons for The Venetian and Caesars have both indicated that masks are a condition of employment. The Las Vegas Sands Corporation, who run The Venetian, has said that employees who fail to wear a face-covering “will be subject to progressive discipline up to and including termination”. Meanwhile, Caesars CEO Tony Rodio said “the failure to wear your mask at work will be grounds for termination.” Guests are still being required under the current mandate to wear…
Harrah’s Reno Will Not Reopen
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.
