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Spinning off the usa buiness would be the death of William hill. when the future of your share is sold get out hence that's why no takeover or floating of usa bit will appeal to our top dog . He will grow the company his way and looking at majority of the rivals balance sheet nobody can afford a bid so he's got plenty of time . I've got faith and by the way penn national gaming is getting a good hammering today as there overstretched according to an analyst . Don't need no yank to tell GB how to run a bookies rule brittania ??
Can't see a tekeover coming, no US entity would ever want the UK retail shops. Spin off of the USA business is the most likely, hard to see a buyer taking whats left after that.
I'm with guinness 08 on this, you would only sell the business if you could go no further or a really fantastic offer was made, and I thought we had enough deals done with other companies . When the profit increases year on year that's when the sp does .
Does anyone know the outcome for the UK investors if there was a takeover just on the US side. Will we benefit in some way? Thanks
@ guinness08 I don't personally think a TO is on the cards but i do think the JV will come to fruition
This was posted a few days back.
https://www.casino.org/news/caesars-william-hill-close-to-igaming-sports-spinoff-says-analyst/
The offer Pmoran was pre FOBT cuts but also pre PASPA.
I’m sure someone made an offer for William hill a few years back and I’m sure the board made reference to anything under £5 a share being too low to even consider. Someone posted a link to an article on here recently suggesting that ceasers and William hill might go for a new company in the us with both owning 40% and the remaining 20% being offered by way of an ipo. Under the current set up I believe ceasers own 20% of the William hill us business but this would suit neither party in the long run. If William hill us do exceptionally well because of access to ceasers customer base and the sports books they run in the ceasers locations the 20% that ceasers own would appear a bit light from ceasers point of view. Conversely if William hill do exceptionally well running online sports books or setting up betting shops in football stadiums and baseball parks etc In their own right and 20% of everything goes to ceasers that 20% starts to look a bit expensive from William hills point of view. The best and probably most lucrative option for both parties is to spin off a separate company that they both own equally and the suggested 40-40-20 split could just net them a nice cash influx in order to grow the fledgling company into a us betting giant. The concern for us (and the existing ceasers shareholders) is how would we be treated in such a deal?
i thionk your totally right yarde2k even if they got 1%of 60million new customers then thats still worth doing and because william hill is a trusted brand in the u.s they will most likely get a whole lot more than that the potential of where they can be in 3 -4 yrs time is mind blowing as they say the sky really is the limit here but they have shored up all the non profit making areas of thier business not just state side but uk side too things have never looked more rosey for william hill than they do at this moment and going forward
I think the idea of JV is that they will get access to the Caesars rewards database which basically will allow them to target 60m existing Caesars customers in the USA. Caesars provides the customer base, WMH provides the technology and sportsbook expertise and hopefully we all ride off into the sunset with satchels full of cash
this is just my opinion but a lot of people are holding out for buy out but what company would do all the hard work then sell it just as they get to start to see fruits of thier labour my partner works for william hill and they have cemented the foundations to build a progressing portfolio of not having all thier eggs in one basket so to speak and the future in america in 3 yrs time is wehn they can not expand anymore and then they might and it would be a big MIGHT only then think about it but would be a much worthy figure you dont sell businesses that have a huge upside and could keep you in turkeys for decades to come be ludicrous plus they have too many jv`s going on to even begin to think about selling out