\u201cA successful integration of the (William Hill) US operations will put Caesars at a margin advantage vs. online peers, while we expect the company to achieve 10 percent online market share,\u201d said Macquarie analyst Chad Beynon in a recent note.<\/strong><\/p>\nThe analyst estimates Caesars will generate $600 million in online earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025. He forecasts that once the William Hill deal closes, internet casinos and online sports betting will be worth $34 to Caesars’ share price, which was $93.44 at the Feb. 26 close.<\/p>\n
That transaction is slated to close early in the second quarter.<\/p>\n
\u201cFrom there, we anticipate Caesars will highlight multiple partnerships and complete a rebranding of technology,\u201d said Roth Capital analyst David Bain, who adds the William Hill acquisition will drive online valuation not currently reflected in Caesars shares.<\/p>\n","protected":false},"excerpt":{"rendered":"
As it closes in on its $3.69 billion takeover of William Hill, Caesars Entertainment (NASDAQ:CZR) is reportedly looking to further leverage its fast-growing sports wagering business. Fresh off a deal with Sportsbetting.com announced last week, the Harrah’s operator may be chatting with Europe’s Betway about a market access agreement. But we\u2019re also hearing rumblings that […]<\/p>\n","protected":false},"author":46,"featured_media":165794,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,1],"tags":[],"acf":[],"yoast_head":"\n
Caesar May Be Close to Market Access Pact with Europe's Betway<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n