Caesars Entertainment To Acquire William Hill for $3.7 Billion

AP News | |

Caesars Entertainment said Wednesday it is buying the British bookmaker William Hill for $3.7 billion in a deal aimed at binding its casinos ever closer to the fast-growing legal sports betting industry in the U.S.

Caesars said it is interested in the the company’s U.S. assets, and indicated it would seek to sell off William Hill’s assets in the United Kingdom and other countries.

“The opportunity to combine our land based-casinos, sports betting and online gaming in the U.S. is a truly exciting prospect,” Tom Reeg’s Caesars CEO said in a statement.

MGM Grand To Lay Off 18,000 Furloughed Employees

Reuters | |

Casino operator MGM Resorts International informed its staff on Friday it would lay off 18,000 furloughed employees in the United States as the coronavirus-induced travel curbs hurt its operations.

The company will start the process on Monday, according to a letter from Chief Executive Officer Bill Hornbuckle to employees and seen by Reuters. MGM employed nearly 52,000 fulltime and 18,000 part-time people in the United States as of Dec. 31.

“Federal law requi...

Las Vegas Reopens Thursday From Historic Coronavirus Casino Closure

AP News | |

LAS VEGAS (AP) — The casino coronavirus closure has ended. Cards are being dealt, dice are rolling and slot machines flashed and jingled for the first customers who started gambling again early Thursday in Las Vegas and throughout Nevada.“The past few months have presented our city with an unprecedented challenge,” said Derek Stevens, owner of two downtown Las Vegas casinos that were shuttered along with all gambling establishments in the state 79 days ago. “We are excited to get our emp...

Nevada Closes Casinos, Restaurants, Bars and Other Non-Essential Businesses for 30 Days

AP News | |

Gambling will grind to a halt on Wednesday, as Governor Sisolak issued a statewide order aimed at stopping the spread of the coronavirus.

Penn National Gaming Expands Into Online Sports Betting

Chris Lahiji | |

North America's largest regional gaming operator partners with multiple online sports and gaming companies.

Sponsored Financial Content

Market Movers