Strategy

Caesars targets accelerated sell-off of William Hill assets to repay mounting debts

US casino giant hopes to announce buyer in H2 as CEO Tom Reeg admits he never had a “moment's pause” over decision to sell

Caesars Entertainment will kickstart the sale of William Hill’s non-US business as soon as Q2 2021 as it looks to pay off more than $2bn (£1.4bn) in company debts. In a Q1 2021 conference call, Caesars CFO Bret Yunker confirmed the US casino heavyweight would target an accelerated sale of surplus assets following the completion…

Caesars Entertainment | Sports betting | Strategy | Tom Reeg | US sports betting | William Hill

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