{"id":120308,"date":"2019-11-20T20:51:44","date_gmt":"2019-11-21T04:51:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=120308"},"modified":"2019-11-21T10:03:51","modified_gmt":"2019-11-21T18:03:51","slug":"william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/","title":{"rendered":"William Hill Banks on Bettors in Purchase of Cosmopolitan, Venetian, Palazzo Sportsbooks From CG Technology"},"content":{"rendered":"

William Hill Plc (OTC:WIMHY), one of the world’s largest sportsbook operators, added to its portfolio of retail sports wagering locations Wednesday. It’s acquiring the books at the Cosmopolitan, Palazzo and Venetian on the Las Vegas Strip from CG Technology (CGT).<\/p>\n

\"\"
William Hill is getting some prime Vegas sportsbooks in a deal with CG Technology. (Image: Vegas Parlay)<\/figcaption><\/figure>\n

The British sports betting behemoth is also getting the sportsbooks at the Palms, the Tropicana, and Silverton, and CGT’s Bahamas operations. As part of the deal, William Hill provides \u201ca betting platform and risk management consulting to the Atlantis on Paradise Island<\/a>.\u201d<\/p>\n

Neither financial terms nor a closing date for the transaction were announced.<\/p>\n

We are pleased to have reached this agreement. This will allow us to expand our Las Vegas footprint to several marquee resorts,\u201d said William Hill CEO Joe Asher in a statement.<\/p><\/blockquote>\n

The companies’ paths crossed earlier this year when Penn National Gaming, owner of the Tropicana<\/a>, replaced CGT with William Hill as the operator of the sportsbook at the M Resort in Sin City.<\/p>\n

With the sales of the sportsbooks at Cosmopolitan, Palazzo, Venetian, Silverton and Tropicana, CGT Technology significantly whittles its retail sports betting presence in its home town of Las Vegas. The company’s website says it runs the sportsbook at the off-Strip Hard Rock Las Vegas, but that property is slated to close early next year<\/a> as part of its transition to becoming a Virgin hotel.<\/p>\n

Solidifying In Sin City<\/h2>\n

Prior to revealing the asset purchases from CGT Technology, William Hill operated 113 Nevada race and sportsbooks. On its website, the company says its Las Vegas books are at Arizona Charlie’s, Jerry’s Nugget Casino, the Plaza Hotel & C’asino, Silver Sevens, the STRAT,<\/a> and the aforementioned M.<\/p>\n

\n

The company is likely to expand its Sin City footprint as Eldorado Resorts, Inc. (NASDAQ:ERI) finalizes its $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR), one of the largest gaming operators on the Strip.<\/p>\n<\/div>\n

William Hill has a long-standing partnership with Eldorado, which the UK-based company believes extends to acquisitions the regional firm makes<\/a>.<\/p>\n

\u201cThese rights apply to casino properties owned or managed by Eldorado when the strategic partnership was signed and any subsequent acquisitions,\u201d said William Hill in a statement issued soon after Eldorado announced its offer for Caesars. \u201cTherefore, the rights apply to casinos currently owned or managed by Caesars if Eldorado\u2019s acquisition of Caesars is completed.\u201d<\/strong><\/p>\n

Caesars operates nine Las Vegas properties.<\/p>\n

Mixed Reaction<\/h2>\n

Emotions ran high on \u201cSports Gambling Twitter\u201d on Wednesday when the William Hill\/CG news broke, with some users decrying the dwindling number of independent sportsbook operators on the Strip.<\/p>\n

\u201cThis is like buying up the high-quality steakhouse and replacing it with McDonald\u2019s,\u201d said one Twitter user in reference to the news.<\/strong><\/p>\n

As for CGT, it remains to be seen where the company, which has often drawn the ire of regulators, goes from here. Formerly Cantor Gaming, the company paid a $2 million fine to the Nevada Gaming Commission (NGC) last year to retain its license to settle charges of rules violations.<\/p>\n

As Casino.org <\/i>reported at the time, CGT’s $2 million levy put the company into ominous territory as having paid three of the 10 largest penalties<\/a> ever handed down by the NGC.<\/p>\n","protected":false},"excerpt":{"rendered":"

William Hill Plc (OTC:WIMHY), one of the world’s largest sportsbook operators, added to its portfolio of retail sports wagering locations Wednesday. It’s acquiring the books at the Cosmopolitan, Palazzo and Venetian on the Las Vegas Strip from CG Technology (CGT). The British sports betting behemoth is also getting the sportsbooks at the Palms, the Tropicana, […]<\/p>\n","protected":false},"author":46,"featured_media":120311,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32093,1074],"tags":[],"acf":[],"yoast_head":"\nWilliam Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology<\/title>\n<meta name=\"description\" content=\"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"William Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology\" \/>\n<meta property=\"og:description\" content=\"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-21T04:51:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-21T18:03:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1632\" \/>\n\t<meta property=\"og:image:height\" content=\"1224\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/\",\"url\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/\",\"name\":\"William Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg\",\"datePublished\":\"2019-11-21T04:51:44+00:00\",\"dateModified\":\"2019-11-21T18:03:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg\",\"width\":1632,\"height\":1224,\"caption\":\"William Hill is getting some prime Vegas sportsbooks in a deal with CG Technology. (Image: Vegas Parlay)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mergers and Acquisitions\",\"item\":\"https:\/\/www.casino.org\/news\/mergers-and-acquisitions\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"William Hill Banks on Bettors in Purchase of Cosmopolitan, Venetian, Palazzo Sportsbooks From CG Technology\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"William Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology","description":"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/","og_locale":"en_US","og_type":"article","og_title":"William Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology","og_description":"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.","og_url":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-11-21T04:51:44+00:00","article_modified_time":"2019-11-21T18:03:51+00:00","og_image":[{"width":1632,"height":1224,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/","url":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/","name":"William Hill Adds Six Vegas Sportsbooks in a Deal With CG Technology","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg","datePublished":"2019-11-21T04:51:44+00:00","dateModified":"2019-11-21T18:03:51+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"William Hill is expanding in Las Vegas in a big way, buying six sportsbooks at some prime Strip venues from CG Technology.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/11\/cg2.jpg","width":1632,"height":1224,"caption":"William Hill is getting some prime Vegas sportsbooks in a deal with CG Technology. (Image: Vegas Parlay)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/william-hill-adds-six-vegas-sportsbooks-in-a-deal-with-cg-technology\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Mergers and Acquisitions","item":"https:\/\/www.casino.org\/news\/mergers-and-acquisitions\/"},{"@type":"ListItem","position":3,"name":"William Hill Banks on Bettors in Purchase of Cosmopolitan, Venetian, Palazzo Sportsbooks From CG Technology"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/120308"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=120308"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/120308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/120311"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=120308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=120308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=120308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}