Tag: Caesars Entertainment

The Cosmopolitan casino will be changing hands again (Image: The Cosmopolitan)

Merger Roundup: MGM Buys Cosmopolitan, Endeavor Grabs OpenBet

- 3 min read

It was another busy week in gambling mergers. MGM Resorts will pay $1.63 billion to operate The Cosmopolitan. Meanwhile, Endeavor will buy sports betting platform OpenBet from Scientific Games for $1.2 billion. While most of the mergers in the gambling industry involve sports betting, there are still a handful of […]

Soccer Football - Premier League - West Ham United FC is one of the Premiere league clubs Jarrod Bowen celebrates scoring their first goal with Vladimir Coufal. (Image: Glyn Kirk/Reuters)

UK May Ban Gambling Ads on Jerseys Just as US Introduces Them

- 3 min read

The UK is considering a ban on gambling company ads on the front of Premier League soccer jerseys. Meanwhile, Caesars Entertainment just announced it would advertise its sportsbook on the front of the Washington Capital’s NHL jerseys. The news highlights the countries’ contrasting sports betting history. Bookmakers have been legal […]

William Hill to Close 700 Shops in the UK (Image: Alamy)

Caesars Sells William Hill International to 888 Holdings for $3 Billion

- 2 min read

888 Holdings PLC will acquire William Hill PLC’s international’s assets for $3.03 billion. Caesars Entertainment bought William Hill in April, intending to sell off its non-US businesses. The deal is expected to close early next year. Caesars Entertainment will net roughly $1.2 billion from the sale. Meanwhile, the acquisition will […]

ESPN's gradual embrace of sports betting may pick up steam as it looks to license its brand to sportsbooks. (Image: Getty)

Disney’s ESPN Sports-Betting Deals Could Net $3 Billion

- 3 min read

Walt Disney’s ESPN is looking to generate more than $3 billion in sports-betting licensing deals. Once reluctant to associate with gambling, the multimedia company has gradually changed its tune. Initially tentative to offer sports-betting content, the company is now looking to leap into ESPN-branded sportsbooks. According to the Wall Street […]

Las Vegas properties like the Venetian are still struggling during the pandemic, while Asian casinos are bouncing back. (Image: Venetian.com)

The Venetian’s New Owner Has a History of Bankrupting Casinos

- 3 min read

Two months after Sheldon Adelson’s death, his signature Las Vegas casino has been sold. One of the Venetian’s new owners, Apollo Global Management, is responsible for the largest bankruptcy filing in casino industry history. Unlucky? The Las Vegas Sands had been looking to sell its Strip properties since October. The […]

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

- 4 min read

After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. He comes with experience handling complex mergers, instituting extreme cost-cutting measures, and dealing with private equity acquisitions, including several that preceded the biggest bankruptcy in gaming history. […]