Caesars on track to purchase William Hill

Las Vegas Review-Journal

4 years ago

William Hill sportsbook at the SLS. Monday, April 15, 2019, in Las Vegas. (L.E. Baskow/Las Vega ... — William Hill sportsbook at the SLS. Monday, April 15, 2019, in Las Vegas. (L.E. Baskow/Las Vegas Review-Journal) @Left_Eye_Images

From left, Washington Mystics fan and season ticket holder Angela Tilghman, Washington Capitals fan and season ticket holder David Feldman, and Wizards Fan and season ticket holder David Dwornik, are the first three to place bets as the William Hill US opens a sports book betting location inside Monumental Sports & Entertainment’s Capital One Arena Box Office in Washington, Monday, Aug. 3, 2020. (AP Photo/Andrew Harnik)

William Hill CEO Joe Asher at the company’s headquarters in Las Vegas, Wednesday, Aug. 29, 2018. Erik Verduzco Las Vegas Review-Journal @Erik_Verduzco

Caesars Entertainment Inc. is on track to purchase global sports wagering giant William Hill PLC early next year.

The Reno-based casino operator announced in September that it planned to acquire the British sportsbook operator for $3.7 billion. So far, the proposed deal has received clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and approvals from both the Mississippi Gaming Commission and West Virginia Lottery, according to a Monday news release.

The acquisition still needs to gain approvals from the Indiana Gaming Commission, Nevada Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming Enforcement and Casino Control Commission, the Pennsylvania Gaming Control Board and the English High Court, as well as administrative and post-closing approvals from other U.S. agencies.

Caesars aims to close the deal in March, according to the statement.

Contact Bailey Schulz at bschulz@reviewjournal.com. Follow @bailey_schulz on Twitter.