Day: 20 November 2020

Considering the latest events, the pledges of Crown Resorts to get approval for its AU$1.6-billion casino tower seem hardly possible even on the eve of its launch. The uncertainty has originated from the fact that the gambling regulatory body in New South Wales (NSW) still has to decide whether the Australian gambling giant is fit to keep the Barangaroo casino licence. Now, a wide gap has opened between the promises made by the gambling company at the time it sought approval for its project seven years ago and what will…

William Hill and Caesars Entertainment revealed that, at a meeting held on November 19th, the shareholders of the British gambling operators gave their approval to the recommended cash offer of 272p that Caesars had made. Now, the finalisation of the deal will depend on the approval of the competent regulatory authorities after the two companies make sure their agreement meets the remaining outstanding regulatory conditions. The deal will also have to get the English Court’s final approval. The deal already received unanimous approval from William Hill’s board in September. At…