William Hill's US position bolstered by Eldorado's Caesars takeover

Analysts believe William Hill's position in the US has been strengthenedCredit: Al Messerschmidt

Analysts expect William Hill's position in the United States to be strengthened following last week's news that American casino giant Caesars Entertainment is to be taken over by Eldorado Resorts in a deal worth $17.3 billion (£13.6bn).

William Hill's share price rose after the company released a statement saying they would benefit from the takeover.

The bookmaker's chief executive Philip Bowcock has said he wants the firm to become the "market leader" in the US, where last year the Supreme Court lifted the federal ban on sports betting, and this deal could expand their US business still further.

Read the full story

Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.

Subscribe to unlock

Racing Post digital newspaper (worth over £100 per month)
Award-winning journalism from the best writers in racing
Expert tips from the likes of Tom Segal and Paul Kealy
Replays and results analysis from all UK and Irish racecourses
Form study tools including the Pro Card and Horse Tracker
Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data

Already a subscriber?Log in

Bill BarberIndustry editor

Published on 1 July 2019inFeatures

Last updated 13:23, 1 July 2019

Copy