Investor Relations, Brian Agnew, email@example.com; Charise Crumbley, firstname.lastname@example.org, 800-318-0047; Media Relations: Kate Whiteley, email@example.com LAS VEGAS and RENO, Nev., Sept. 9, 2021 /PRNewswire/ — Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced an agreement to sell William Hill`s assets outside the United States to 888 Holdings Plc for approximately £2.2 billion. Following debt repayment and other working capital adjustments, Caesars expects net proceeds from the transaction to be approximately £835 million, or $1.2 billion. The transaction is subject to shareholder approval by 888 Holdings Plc and regulatory approvals. Caesars expects the transaction to close in the first quarter of 2022. William Hill entered into a strategic partnership with its long-standing business partner Eldorado in September 2018. Under the terms of the agreement, William Hill has obtained the right to engage exclusively in sports betting on all properties owned or managed by Eldorado in the United States and to operate mobile sports betting in states where Eldorado is licensed. These rights apply to casino properties owned or managed by Eldorado upon signing the strategic partnership and all subsequent acquisitions. Therefore, the rights apply to casinos currently owned or operated by Caesars when Eldorado`s acquisition of Caesars is finalized.
Original content to download multimedia content:www.prnewswire.com/news-releases/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn-301372095.html About Caesars Entertainment, Inc. Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diversified casino entertainment providers in the world. Since its inception in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions, and acquisitions. Caesars Entertainment, Inc.`s resorts operate primarily under the Caesars®, Harrah`s®, Horseshoe® and Eldorado® brands. Caesars Entertainment, Inc. offers a variety of gaming, entertainment and hospitality equipment, unique destinations, and a full range of mobile and online gaming and sports betting experiences. Combined with its industry-leading Caesars Rewards loyalty program, the company focuses on creating value for its customers through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework.
Know when to stop before you start. ® Gambling problems? Call 1-800-522-4700. For more information, please visit. www.caesars.com/corporate. Caesars Entertainment, Inc. (“Caesars”) and William Hill PLC (“William Hill”) announced that they have agreed to the terms of a proposed cash acquisition under which Caesars will acquire the entire issued and issued share capital of William Hill for approximately £2.9 billion (the “Acquisition”). This landmark acquisition would bring Caesars together as one of the largest gaming entertainment companies in the United States and one of the world`s most diverse gaming and entertainment providers, and William Hill as one of the world`s leading betting and gambling companies. Latham & Watkins LLP represents Caesars in financing the transaction with an inter-office team led by Sony Ben-Moshe, partner in San Diego, Steven Stokdyk, Ken Askin and Brent Epstein, partner in Los Angeles, Ross Anderson, partner in London, with partners Bryan Monson, Philip Dear, Douglas Abernethy, John Hutton, Hannah Drake, Adam Fovent, Grace Garcea, Michael Jung, Zoe Liu, Eric Rice, Nicholas Surry and John Welling.
Auch die New Yorker Partner Rafal Gawlowski, Yvette Valdez, Jeremy Green und Catherine Lee mit den Associates Eric Rice und Ashley Weeks berieten die New Yorker Partner Rafal Gawlowski, Yvette Valdez, Jeremy Green und Catherine Lee in Derivaten; zu Finanzangelegenheiten von Londoner Partnerin Lene Malthasen und New Yorker Partner Larry Safran; zu Steuerangelegenheiten von Los Angeles Partner Sam Weiner, New York Partner Jiyeon Lee-Lim und Elena Romanova und London Partner Karl Mah mit Associates Lauren Bewley, Kathryn Harrington, Aoife McCabe, Ed Moberly und Robert Thomas; und in Wertpapierangelegenheiten DC-Partner Alex Cohen. Jamie Elise Zuieback Global Director of Communications – Culture and Citizenship +1.202.637.1081 Mindy Rubinstein Director of Public Relations and Communications – United States +1.212.906.2947 Unauthorized attempts to upload information and/or modify information to any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Computer Fraud and Abuse Act of 1986 and the National Computer Fraud and Abuse Act. the 1996 information infrastructure (see 18 U.S. §.C§ 1001 and 1030). Your request rate has exceeded the maximum number of requests allowed per second by the SEC. Your access to SEC.gov is limited to 10 minutes. Deutsche Bank and Linklaters LLP represented Caesars in the transaction. By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this state computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. Derek Gilmour Director of Public Relations and Communications – Europe and Middle East +44.20.7710.4640 Best practices for efficiently downloading SEC.gov information, including the latest EDGAR submissions, are available on sec.gov/developer. You can also sign up for email updates in the SEC Open Data program, including best practices that make downloading data more efficient and SEC.gov improvements that can affect scripted download processes.
For more information, please contact firstname.lastname@example.org. Geoff Burt Director of Communications +1 212 906 1668 William Hill takes note of Eldorado Resorts` announcement on June 24 regarding its proposed acquisition of Caesars Entertainment. Current policies limit each user to a maximum of 10 requests per second, regardless of the number of computers used to send requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that make excessive requests. . The lock is automatically unlocked while waiting 10 minutes. If the maximum rate of eligible CFC claims continues to be exceeded during the expiration period, the duration of the expiration period is extended. To ensure equitable access for all users, please reduce the rate of your requests and review SEC.gov after the 10-minute expiration time. If a user or application sends more than 10 requests per second, other requests from the IP address may be limited for a short time. .