Caesars Entertainment, Inc.’s $4 Billion Acquisition of William Hill PLC

Deutsche Bank, Latham & Watkins, LLP, and Linklaters LLP represented Caesars in the transaction. Barclays Bank PLC, Citigroup Global Markets Limited, PJT Partners, and Slaughter & May represented William Hill.
Appleby Cayman acted as Cayman Islands counsel to the lead arrangers in connection with credit facilities.

Caesars Entertainment, Inc. last month has completed its acquisition of British bookmaker William Hill PLC for approximately $4 billion.

The transaction, first announced last September, gives Reno-based Caesars Entertainment ownership of one of the world’s leading betting and gambling companies.

The combined companies currently operate sports betting in 18 jurisdictions in the U.S., an industry-leading 13 of which offer mobile sports betting. Caesars plans to be operational in 20 U.S. jurisdictions by the end of 2021.

As previously disclosed, Caesars intends to sell the non-U.S. businesses currently owned by William Hill, including the U.K. and international online divisions and the retail betting shops.

The Appleby team was led by Jacob MacAdam (Picture), Partner and supported by Alexandra Simpson, Counsel and Ann-Alecia Moore, Associate.

Involved fees earner: Jacob MacAdam – Appleby; Ann-Alecia Moore – Appleby; Alexandra Simpson – Appleby;

Law Firms: Appleby;

Clients: Deutsche Bank AG London branch; JP Morgan;