Day: 20 April 2021

Court Sanctions William Hill’s £2.9 billion Takeover by Caesars Entertainment

Tue 20 Apr 2021 13.29 Olivia Cole
Court Sanctions William Hill’s £2.9 billion Takeover by Caesars Entertainment

On Tuesday, the British bookmaker William Hill announced that the court had cleared its £2.9 billion takeover by the major US casino company Caesars Entertainment. The court’s decision was made despite the disapproval of the deal by some shareholders. The minority shareholder HBK had shared concerns about the merger deal due to disclosures related to the takeover deal. HBK’s disapproval of the merger was also supported by the US hedge fund GWM Asset Management. Both of them addressed the issue in a statement to the board, pointing out the lack…

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Commercial Gambling Operators Should Not Be Able to Take Advantage of National Lottery Products, Fine Gael Senator Says

Tue 20 Apr 2021 7.40 Daniel Williams
Commercial Gambling Operators Should Not Be Able to Take Advantage of National Lottery Products, Fine Gael Senator Says

Lobbyists have told the Seanad that commercial gambling companies, including bookmakers, must be suspended from what they called “piggybacking” and must not be allowed to draw profit from the National Lottery by permitting bets on its draws’ outcome. Barry Ward, a Fine Gael Senator, spoke to the Seanad, saying that almost one-third (28%) of every €1 spent on products of the National Lottery is donated to good causes but individual players are actually not protected from spending too much money on a daily basis or gambling for too long on…

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