William Hill to Acquire CG Technology Sports Book Assets

William HillWilliam Hill, a global sports betting company, is purchasing the sports book assets of CG Technology, including its Nevada and Bahamas operations.

The amount of the deal – subject to certain closing conditions, including regulatory approval in Nevada and The Bahamas – was not disclosed.

The acquisition includes the leases at The Cosmopolitan of Las Vegas, The Venetian and The Palazzo, The Palms, the Tropicana and Silverton, as well as providing a betting platform and risk management consulting to the Atlantis on Paradise Island.

Led by Parikshat Khanna, CEO, CG Technology is one of the largest licensed bookmakers in Nevada and operator of seven Nevada sportsbooks at six prime Las Vegas resorts.
The Las Vegas sportsbooks range from luxury destinations such as The Venetian, The Palazzo, and The Cosmopolitan to iconic classics like Hard Rock Hotel & Casino and Tropicana to locals’ favorites Silverton Casino and Palms Casino Resort.

William Hill PLC is one of the world’s leading betting and gaming companies, employing over 12,500 people. With headquarters in London and Leeds it has a national presence of licensed betting offices in Great Britain and Northern Ireland and is one of the country‚Äôs leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, which is now the largest sports betting business in the USA. William Hill US currently operates 113 race and sports books in Nevada and the state’s leading mobile sports betting app.

FinSMEs

22/11/2019

 

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