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This Week in Gambling: Major buyout and justice department payoff

8 Oct 2020

Huge week for sports betting news in America: The Caesars William Hill buyout for $3.7 billion leads the headlines, while the popular 5Dimes sportsbook based in Costa Rica was busy paying off the U.S. Department of Justice.

Caesars Entertainment has said that it and William Hill have agreed on the terms of a recommended offer for the U.K. betting company that values it at 2.9 billion pounds ($3.73 billion), as announced Monday. This ensures the Caesars William Hill buyout is a done deal.

Under the offer accepting William Hill shareholders will get 272 pence in cash for each share held, a 25% premium to Thursday's closing share price of 217.60 pence, the day before William Hill said that it had received the approach.

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