Caesars Entertainment to Acquire William Hill for £2.9 Billion

Caesars Entertainment, Inc. ("Caesars") announced the acquisition of William Hill for approximately GBP 2. 9 billion. This historic acquisition combines Caesars, one of the largest gambling and entertainment companies in the United States and one of the most diversified companies in the world of gambling fusion companies, with William Hill, one of the world's largest betting and gambling companies. The acquisition is subject to antitrust and incentive regulations and is expected to close in the second half of 2021.

"The opportunity to combine land-based casino, sports rates and online gaming in the United States is a very interesting prospect," Caesars Entertainment said. "William Hill's experience in sports tariffs will enrich Caesars' current offering and will indeed enable United Group to serve our buyers in the fast-growing South American sports market and online gaming. We look forward to working with William Hill to provide our clients with a fantastic and complete skill set across all areas of gambling, sports rates and entertainment to support our future rapid growth in the United States. We are confident that working with William Hill will be a great opportunity for the company.

"Roger Devlin, Chairman of the Board of William Hill, said: "The William Hill Board believes that this acquisition is the best option for William Hill at a great price for shareholders. "Given the significant progress the William Hill Group has made over the past 18 months, and the high level of competitiveness in the US, as well as the potential regulatory breaches in the UK and Europe, we are well placed to take full advantage of the opportunities in the US and take into account the significant investments required."

"Under the control of a refreshed team in William Hill's senior chapter, we will market our unique strategy and capabilities. WILLIAM HILL - a leading global betting and gambling company with a long and proud tradition. One of the world's best-known brands. In recent years, the company has transformed itself from a business that was once closely dependent on retail in England to a truly diversified business, both geographically and in channels, which is now in fact in place and providing an independent platform for future growth.

"Currently, everything is proceeding as normal. Employees will be kept fully informed during this process. We intend to work with Caesars to find the right partner to secure our long-term growth prospects."

Persuasive strategic case

Caesers believe that sports charges and online game sector are one of the largest growth areas in the US gambling industry, and recently accelerated gambling legislation and gambling at the state level. Some analysts are estimated to increase the number of consumers, continuous integration with the US sports and media brands, and estimate the potential total market size of $ 30 to 35 billion. Currently, Caesters and William Hill operate a joint venture in the United States with a 20 % and 80 % investment ratio. Through this joint venture, William Hill operates an online sports business using cases that can access the market in each state, providing a sports shopping rate at Caesters and other casino operating companies in the United States. There is. Caesers owns and operates 54 real estate in 16 states. The company's resort is mainly operated by Caesters, Harraz, Horse Shoe and Eldorado brands. Caesers believes that Caesters and William Hill should expand their current joint venture structure in the United States to make full use of the opportunities for sports and gambling and provide the best customer service. There is. CAESARS is convinced that CAESARS and WILLIAM HILL allows for a wide range of opportunities to improve customer service and experience. < SPAN> Caesers believe that sports charges and online game sector are one of the largest growth areas in the US gambling industry, and recently accelerated gambling legislation and gambling at the state level. Some analysts are estimated to increase the number of consumers due to this, continuous integration with the US sports and media brands, and estimate the potential total market to $ 30 to 35 billion. Currently, Caesters and William Hill operate a joint venture in the United States with a 20 % and 80 % investment ratio. Through this joint venture, William Hill operates an online sports business using cases that can access the market in each state, providing a sports shopping rate at Caesters and other casino operating companies in the United States. There is. Caesers owns and operates 54 real estate in 16 states. The company's resort is mainly operated by Caesters, Harraz, Horse Shoe and Eldorado brands. Caesers believes that Caesters and William Hill should expand their current joint venture structure in the United States to make full use of the opportunities for sports and gambling and provide the best customer service. There is. CAESARS is convinced that CAESARS and WILLIAM HILL allows for a wide range of opportunities to improve customer service and experience. Caesers believe that sports charges and online game sector are one of the largest growth areas in the US gambling industry, and recently accelerated gambling legislation and gambling at the state level. Some analysts are estimated to increase the number of consumers, continuous integration with the US sports and media brands, and estimate the potential total market size of $ 30 to 35 billion. Currently, Caesters and William Hill operate a joint venture in the United States with a 20 % and 80 % investment ratio. Through this joint venture, William Hill operates an online sports business that uses a cas e-territory that can access the market in each state, providing a sports shopping rate at Caesters and other casino operating companies in the United States. There is. Caesers owns and operates 54 real estate in 16 states. The company's resorts are mainly operated by Caesters, Harraz, Horse Shoe and Eldorado brands. Caesers believes that Caesters and William Hill should expand their current joint venture structure in the United States to make full use of the opportunities for sports and gambling and provide the best customer service. There is. CAESARS is convinced that CAESARS and WILLIAM HILL allows for a wide range of opportunities to improve customer service and experience.

Caesers believe that alliance with media companies is important to attract customers and create excitement and loyalty for various products. Caesers currently has a lon g-term relationship with ESPN, and William Hill is now in a lon g-term relationship with CBS sports. Finally, as a member of the United Company, William Hill has a new full access to the Caesters brand and a valuable royalty program (about 60 million people by the end of 2019). You will receive). Saesers can benefit all customers, provide a wide range of benefits in various fields of games and entertainment, so that customers can get the status and benefits of Saesters. They believe they can be used in terrestrial and online facilities, contributing to improving customer service, decreasing leakage, and expanding customer market share. Along with Igaming, which is currently in a joint venture business, Caesers can create net income of $ 600 million to $ 700 million by FY2021 by FY2021 by expanding sports and online gaming in the United States. I am expecting.

At this stage, Caesters's strategic focus is still an opportunity to open it in the US market. The company is convinced that William Hill's existence in other international markets, which has nothing to do with the UK and the United States, is an attractive proposal for gambling customers in these markets, and is great for these businesses. I think there is a future. After the acquisition has been completed, Saesers have similar goals and approaches to support the lon g-term ambitions of these businesses, and have similar goals and approaches, and the lon g-term ambitions of these businesses and the interests of customers. It is intended to find an appropriate partner or owner that emphasizes.

Simple acquisition information < SPAN> Caesers believes that partnerships with media companies are important to attract customers and create excitement and loyalty for various products. Caesers currently has a lon g-term relationship with ESPN, and William Hill is now in a lon g-term relationship with CBS sports. Finally, as a member of the United Company, William Hill has a new full access to the Caesters brand and a valuable royalty program (about 60 million people by the end of 2019). You will receive). Saesers can benefit all customers, provide a wide range of benefits in various fields of games and entertainment, so that customers can get the status and benefits of Saesters. They believe they can be used in terrestrial and online facilities, contributing to improving customer service, decreasing leakage, and expanding customer market share. Along with Igaming, which is currently in a joint venture business, Caesers can create net income of $ 600 million to $ 700 million by FY2021 by FY2021 by expanding sports and online gaming in the United States. I am expecting.

At this stage, Caesters's strategic focus is still an opportunity to open it in the US market. The company is convinced that William Hill's existence in other international markets, which has nothing to do with the UK and the United States, is an attractive proposal for gambling customers in these markets, and is great for these businesses. I think there is a future. After the acquisition has been completed, Saesers have similar goals and approaches to support the lon g-term ambitions of these businesses, and have similar goals and approaches, and the lon g-term ambitions of these businesses and the interests of customers. It is intended to find an appropriate partner or owner that emphasizes.

Simple acquisition information Saesers believes that alliance with media companies is important to attract customers and create excitement and loyalty for various products. Caesers currently has a lon g-term relationship with ESPN, and William Hill is now in a lon g-term relationship with CBS sports. Finally, as a member of the United Company, William Hill has a new full access to the Caesters brand and a valuable royalty program (about 60 million people by the end of 2019). You will receive). Saesers can benefit all customers, provide a wide range of benefits in various fields of games and entertainment, so that customers can get the status and benefits of Saesters. They believe they can be used in terrestrial and online facilities, contributing to improving customer service, decreasing leakage, and expanding customer market share. Along with Igaming, which is currently in a joint venture business, Caesers can create net income of $ 600 million to $ 700 million by FY2021 by FY2021 by expanding sports and online gaming in the United States. I am expecting.

At this stage, Caesters's strategic focus is still an opportunity to open it in the US market. The company is convinced that William Hill's existence in other international markets, which has nothing to do with the UK and the United States, is an attractive proposal for gambling customers in these markets, and is great for these businesses. I think there is a future. After the acquisition has been completed, Saesers have similar goals and approaches to support the lon g-term ambitions of these businesses, and have similar goals and approaches, and the lon g-term ambitions of these businesses and the interests of customers. It is intended to find an appropriate partner or owner that emphasizes.

Easy acquisition information

WILLIAM HILL, CAESARS, CAESARS UK Holdings Limited (hereinafter referred to as "Caesars UK Bidco") is related to Caesars UK BIDCO , And recommended, on condition that you are released We have reached the agreement on the criteria for purchasing cash. This acquisition is performed using an agreement based on Article 26 of the Companies Act. William Hill's issued shares and overall shares are about £ 2. 9 billion. According to the purchase conditions, William Hill shareholders have the right to receive: for each William Hill promotion: 272 Cash, effectively provides bonuses: Closing costs for William Hill promotion, element 172 57 and 6 % September 1, 2020 (the last proletarian one day before the first appeal of Caesters to William Hill), 80 for the weight of the closing cost for William Hill promotion, 7 %, element 150. 54 pencils for 3 months until September 24, 2020 (the last proletarian one day before the ruling), 128 penses for promotion of William Hill on June 17, 2020 112, 5 % for the cost of placing a promotion, and 25, 0 percent for the cost of terminating transactions. < SPAN> WILLIAM HILL, CAESARS, CAESARS UK Holdings Limited (hereinafter referred to as "Caesars UK Bidco") is CAESARS UK BIDCO. Related and released from L, We have reached an agreement on the recommended cash purchase standards. This acquisition is performed using an agreement based on Article 26 of the Companies Act. William Hill's issued shares and overall shares are about £ 2. 9 billion. According to the purchase conditions, William Hill shareholders have the right to receive: for each William Hill promotion: 272 Cash, effectively provides bonuses: Closing costs for William Hill promotion, element 172 57 and 6 % September 1, 2020 (the last proletarian one day before the first appeal of Caesters to William Hill), 80 for the weight of the closing cost for William Hill promotion, 7 %, element 150. 54 pencils for 3 months until September 24, 2020 (the last proletarian one day before the ruling), 128 penses for promotion of William Hill on June 17, 2020 112, 5 % for the cost of placing a promotion, and 25, 0 percent for the cost of terminating transactions. WILLIAM HILL, CAESARS, CAESARS UK Holdings Limited (hereinafter referred to as "Caesars UK Bidco") is related to Caesars UK Bidco , And recommended, on condition that you are released We have reached the agreement on the criteria for purchasing cash. This acquisition is performed using an agreement based on Article 26 of the Companies Act. William Hill's issued shares and overall shares are about £ 2. 9 billion. According to the purchase conditions, William Hill shareholders have the right to receive: for each William Hill promotion: 272 Cash, effectively provides bonuses: Closing costs for William Hill promotion, element 172 57 and 6 % September 1, 2020 (the last proletarian one day before the first appeal of Caesters to William Hill), 80 for the weight of the closing cost for William Hill promotion, 7 %, element 150. 54 pencils for 3 months until September 24, 2020 (the last proletarian one day before the ruling), 128 penses for promotion of William Hill on June 17, 2020 112, 5 % for the cost of placing a promotion, and 25, 0 percent for the cost of terminating transactions.

Horseshoe® and Eldorado®. Caesars Entertainment, with its unique combination of impeccable maintenance, operational integrity and technological leadership, offers a wide variety of facilities and unique direction, with a special focus on creating dedication and meaning for its customers. As part of its People Planet Play concept, Caesars Entertainment cares for its employees, suppliers, society and the environment surrounding it. For more information, please visit the website www. caesars.

About William Hill William Hill PLC - one of the world's leading bookmakers and gambling companies, with more than 16. 000 employees. Its origins are in England, it was founded in 1934 and is listed on the British Stock Exchange. Headquartered in London and Lydd, it is represented by licensed bookmakers in England and Northern Ireland and is considered one of the favorite companies in online studios and gambling. In 2012, the company established the William Hill US branch in Nevada, specializing in retail and mobile operations, and is considered the worst sports betting operation in America in real time. In real time, William Hill US (www. Williamhill. us) operates 113 hippodromes and sportsbooks in Nevada, as well as the state's leading mobile application for sports betting. William Hill operates Monmouth Park Hippodrome, Ocean Resort, Tropicana Atlantic City Casino in New Jersey, and William Hill New Jersey Sports Application, Iowa, and West Virginia on the Internet. William Hill is the approved provider of sports rates for many casinos in Mississippi, Pennsylvania, Pennsylvania, New Mexico, and New Mexico. William Hill is licensed in the Bahamas, Italy, Spain, and Sweden, and serves the Internet from buyers in the United Kingdom, Italy, Spain, and Sweden.

Forward-looking statements in this announcement (including information incorporated by way of transfer), oral statements and other information relating to the Acquisition published by William Hill, any member of the William Hill Group (the "William Hill Group"), Caesars, Caesars BIDCO or any member of the Caesars Group ("Caesars") contain statements that are or may be recognized as "forward-looking statements". Such forward-looking statements represent commitments by the United William Hill Group and the Caesars Group (the "Enlarged Group") to operate in the future and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.