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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Caesars Entertainment, Inc.    CZR

CAESARS ENTERTAINMENT, INC.

(CZR)
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Apollo formally ends bidding war for Britain's William Hill

11/12/2020 | 03:04am EST

(Reuters) - Private equity group Apollo Global Management on Thursday backed out of a race to buy William Hill, paving the way for U.S. casino operator Caesars Entertainment to acquire the British bookmaker.

Caesars in September had agreed to buy the gambling group for 2.9 billion pounds ($3.82 billion) to expand in the fast-growing U.S. sports-betting market, after beating out Apollo.

The possibility of Apollo firming up its bid faded after Caesars made it clear it could terminate the deal, if William Hill decided to proceed with another offer from rival parties mentioned in a list set by Caesars.

However, Apollo has said the decision to not make an offer for the entire company does not affect its other plans, referring to its intention to buy William Hill's UK assets.

Sources had told Reuters in September that Caesars could sell William Hill's UK assets to Apollo as part of its deal, under which it seeks to sell the bookmaker's non-U.S. operations.

(Reporting by Pushkala Aripaka in Bengaluru; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APOLLO GLOBAL MANAGEMENT, INC. -0.19% 46.295 Delayed Quote.-5.21%
CAESARS ENTERTAINMENT, INC. -1.33% 78.5699 Delayed Quote.7.08%
WILLIAM HILL -0.07% 269.7 Delayed Quote.-0.07%
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More news
Financials (USD)
Sales 2020 3 658 M - -
Net income 2020 -1 539 M - -
Net Debt 2020 15 228 M - -
P/E ratio 2020 -6,97x
Yield 2020 -
Capitalization 16 564 M 16 564 M -
EV / Sales 2020 8,69x
EV / Sales 2021 3,85x
Nbr of Employees 15 500
Free-Float 95,1%
Chart CAESARS ENTERTAINMENT, INC.
Duration : Period :
Caesars Entertainment, Inc. Technical Analysis Chart | CZR | US12769G1004 | MarketScreener
Technical analysis trends CAESARS ENTERTAINMENT, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 84,63 $
Last Close Price 79,53 $
Spread / Highest target 32,0%
Spread / Average Target 6,41%
Spread / Lowest Target -29,6%
EPS Revisions
Managers and Directors
NameTitle
Thomas R. Reeg Chief Executive Officer & Director
Anthony L. Carano President & Chief Operating Officer
Gary L. Carano Executive Chairman
Bret Yunker Chief Financial Officer & Treasurer
Bonnie S. Biumi Independent Director
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