William Hill agrees $2.9bn takeover by Caesars Palace-owner

Caesars Entertainment, the Las Vegas casino-owner, has struck a £2.9bn deal to take over William Hill. US private equity firm Apollo had also made a bid to take over William Hill. Caesars owns a 20% stake in William Hill's US operations, which also have exclusive rights to operate sports betting under the Caesars brand. The US firm, which owns Caesar's Palace in Las Vegas, is particularly interested in William Hill's US bookmaking business which currently has 170 retail sites in 13 different states. Roger Devlin, chairman of William Hill, said: "The William Hill board believes this is the best option for William Hill at an attractive price for shareholders."

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