{"id":11172,"date":"2020-11-13T15:55:20","date_gmt":"2020-11-13T15:55:20","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=11172"},"modified":"2020-11-13T21:12:14","modified_gmt":"2020-11-13T21:12:14","slug":"apollo-drops-william-hill-takeover-bid-for-now","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/apollo-drops-william-hill-takeover-bid-for-now\/","title":{"rendered":"Apollo Drops William Hill Takeover Bid For Now"},"content":{"rendered":"

\"ApolloThe global gambling industry started paying attention to Apollo Global Management<\/strong>, a US buyout fund when it announced that it was interested in acquiring UK bookmaker William Hill<\/a> in September 2020. <\/p>\n

However, Caesars Entertainment went on to get an official deal done with William Hill<\/a> and will pay out \u00a32.9 billion to complete the acquisition.<\/p>\n

Caesars had an edge over Apollo since the company already owned 20 percent of William Hill. The merger is subject to regulatory approval and is expected to be done by mid-2021. <\/p>\n

Apollo confirmed that it was not going forward with a bid for William Hill as of now but claimed that it had not closed the door fully on a potential acquisition. <\/p>\n

The Wall Street firm said that if Caesars Entertainment decides to withdraw its offer or if the deal ends up falling through, it will seriously consider making an official offer.<\/p>\n

Apollo also made an interesting move by claiming that even if it does not go ahead with a full William Hill buyout, it will be interested in acquiring the non-US operations of William Hill. The British bookmaker has a strong retail betting presence in the UK<\/a> and runs online gambling operations in a number of EU markets.<\/p>\n

Apollo Acquires Great Canadian Gaming Corp.<\/h2>\n

Apollo confirmed that it has gone ahead and acquired Great Canadian Gaming Corp<\/a> in a deal reported to be around $2.5 billion. The board at Great Canadian Gaming voted unanimously to accept the proposed offer which will see Apollo payout C$39 per share.<\/p>\n

Great Canadian Gaming was established in 1982 and is listed in Toronto. The company has a portfolio of 25 casinos and hotels spread across Ontario, Nova Scotia, New Brunswick and British Columbia<\/strong>. Like a lot of casino operators, Great Canadian Gaming has suffered a massive decline in revenues due to COVID-19.<\/p>\n

Rod Baker<\/strong>, CEO for Great Canadian Gaming said the takeover would work well for the company as given Apollo\u2019s expertise in the gaming sector, it would help the company navigate difficult waters and help establish themselves as market leaders.<\/p>\n

Apollo has a lot of experience in the gambling market. The buyout fund recently invested \u20ac500 Million into the SAZKA Group<\/strong> which is one of the premier lottery operators in Europe. SAZKA recently expressed interest in going after a license to operate the UK National Lottery. Apollo also joined forces in 2008 with TPG to buyout Caesars Entertainment Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global gambling industry started paying attention to Apollo Global Management, a US buyout fund when it announced that it was interested in acquiring UK bookmaker William Hill in September 2020. However, Caesars Entertainment went on to get an official deal done with William Hill and will pay out \u00a32.9 billion to complete the acquisition. […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[],"class_list":["post-11172","post","type-post","status-publish","format-standard","hentry","category-sports","category-usa"],"yoast_head":"\nApollo Drops William Hill Takeover Bid For Now<\/title>\n<meta name=\"description\" content=\"The global gambling industry started paying attention to Apollo Global Management, when it announced that it was interested in acquiring William Hill in September 2020...\" \/>\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.legitgambling.com\/news\/apollo-drops-william-hill-takeover-bid-for-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apollo Drops William Hill Takeover Bid For Now\" \/>\n<meta property=\"og:description\" content=\"The global gambling industry started paying attention to Apollo Global Management, when it announced that it was interested in acquiring William Hill in September 2020...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/apollo-drops-william-hill-takeover-bid-for-now\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T15:55:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-13T21:12:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2020\/11\/apollo-global-management.jpg\" \/>\n<meta name=\"author\" content=\"David Nugent\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Nuge1983\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Nugent\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/apollo-drops-william-hill-takeover-bid-for-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/apollo-drops-william-hill-takeover-bid-for-now\\\/\"},\"author\":{\"name\":\"David Nugent\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/62b95ea7a9ef19e9ed907cf260f88242\"},\"headline\":\"Apollo Drops William Hill Takeover Bid For 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Nugent\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/david-nugent.jpg\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/david-nugent.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/david-nugent.jpg\",\"caption\":\"David Nugent\"},\"description\":\"First off, I want to say hi and wish a warm welcome to all gambling aficionados out there! My name is David Nugent and I am editor-in-chief of LegalGamblingAndTheLaw.com. I have always enjoyed various sports, primarily soccer, as I am a die-hard Everton fan. Over time, I learned more about sports betting and discovered the fascinating online gambling industry. Eventually, I decided to turn this passion of mine into a project, and that\u2019s how this platform came to be. I am excited to share my story with you and talk about this platform that\u2019s a result of over 20 years of experience I have in the industry. My Beginnings My love for sports has always been a big part of my life. It all started with my dad and me playing in the backyard, but I continued to play sports throughout both elementary and high school. At that time, I knew very little about sports betting since it wasn\u2019t legal in Pennsylvania, but I quickly learned that other states have different laws and that sports betting was legalized in some of them. When the time to pick a college came, everyone thought I was going to do something sports-related. However, that wasn\u2019t my plan. Since there are many lawyers in my family, I decided to follow in their footsteps. I studied law at the University of Pennsylvania, and during that time, my passion for sports only grew bigger. I would watch various sporting events with my friends and attend all matches and games that were happening in the area. On one occasion, I decided to go on a road trip to Vegas with my friends, and, needless to say, I fell in love with the bright lights, humongous buildings, and fantastic casinos. That\u2019s when I discovered the whole gambling scene I knew nothing about. Of course, I knew how to play some games, such as poker and blackjack, but I never realized how well-developed this industry actually was. That trip changed my perspective on what I wanted to do with my life. After I graduated, I took some time off and I traveled through the US, exploring various casinos and land-based sportsbooks. I also spent one year in the UK, where my dream of watching Everton play finally came true. There, I realized how advanced the whole gambling industry is and that the legal aspect of it was quite different than in the US. I spent that time writing for various online platforms where I had the opportunity to share my extensive knowledge about sports. When I came back to the US, I was given a chance to write for an international soccer magazine where I covered the Premier League \u2014 which I was crazy about \u2014 Bundesliga, and other international tournaments. After having written hundreds of sports-related articles, I knew what I wanted to do \u2014 create my own platform and share my knowledge with others. How LegalGamblingAndTheLaw.com Came to Life Once I set the goal, I started doing extensive research on the online gambling industry and the laws surrounding it. I wanted to combine my background in law and the passion I have for sports and create a high-quality online platform. While the online gambling industry was flourishing in Europe, the exact opposite was happening in the US. That is, until 2018 when PASPA (Professional and Amateur Sports Protection Act) was overturned. After that, every US state was allowed to introduce new laws and provide operators that wanted to offer various online gambling opportunities with licenses. That was the start of the online gambling industry in the US. Since I knew how online gambling worked thanks to the experience I gained when I was in the UK, I was extremely excited to have the opportunity to introduce US players to the best online gambling platforms and show them that online sportsbooks and casinos can offer an immersive gambling experience, just like their land-based counterparts. Why I Do This What attracted me to online gambling was the possibility of placing bets on my favorite teams from the comfort of my home. I wanted to be able to do that using safe platforms and secure payment options to fund my betting account. And that is exactly what I want for my fellow bettors, too. Naturally, I was a bit of a skeptic myself at first when it came to online gambling simply because I knew how unsafe some sites can be. But once I did some research and talked to fellow European experts, I realized that there is a way to find perfectly safe online gambling platforms. Every gambling site you find on this platform has gone through extensive and rigorous testing to ensure its safety and reliability. Additionally, I have studied the laws of each state in the US, as well as of other countries worldwide, to gain a deeper understanding of how online gambling works in different parts of the world. I\u2019d like to note that the online gambling industry has just begun its journey and we are yet to see its significant growth and improvement in the future. It will be my pleasure to witness all of that with you. I Couldn\u2019t Have Done This on My Own Of course, none of this would have been possible if it weren\u2019t for the amazing team of people I gathered for this project. Since I have only basic knowledge of web development, I started working with some experienced developers who have helped me build this platform. Today, they are here to make sure everything runs smoothly. Also, I knew from the beginning that I wouldn\u2019t be able to take care of all the content on my own, which is why LegalGamblingAndTheLaw.com has an incredible team of experienced gamblers, writers, and people with a background in law. They help me conduct in-depth research and find all the necessary information. Naturally, since this industry is still new in the US, we are all learning a lot, and we will continue to do so in order to improve our platform and make your experience better. Finally, I would love to hear your feedback, suggestions, and comments, so feel free to contact me at any time.\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/Nuge1983\"],\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/author\\\/david-nugent\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apollo Drops William Hill Takeover Bid For Now","description":"The global gambling industry started paying attention to Apollo Global Management, when it announced that it was interested in acquiring William Hill in September 2020...","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.legitgambling.com\/news\/apollo-drops-william-hill-takeover-bid-for-now\/","og_locale":"en_US","og_type":"article","og_title":"Apollo Drops William Hill Takeover Bid For Now","og_description":"The global gambling industry started paying attention to 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and wish a warm welcome to all gambling aficionados out there! My name is David Nugent and I am editor-in-chief of LegalGamblingAndTheLaw.com. I have always enjoyed various sports, primarily soccer, as I am a die-hard Everton fan. Over time, I learned more about sports betting and discovered the fascinating online gambling industry. Eventually, I decided to turn this passion of mine into a project, and that\u2019s how this platform came to be. I am excited to share my story with you and talk about this platform that\u2019s a result of over 20 years of experience I have in the industry. My Beginnings My love for sports has always been a big part of my life. It all started with my dad and me playing in the backyard, but I continued to play sports throughout both elementary and high school. At that time, I knew very little about sports betting since it wasn\u2019t legal in Pennsylvania, but I quickly learned that other states have different laws and that sports betting was legalized in some of them. When the time to pick a college came, everyone thought I was going to do something sports-related. However, that wasn\u2019t my plan. Since there are many lawyers in my family, I decided to follow in their footsteps. I studied law at the University of Pennsylvania, and during that time, my passion for sports only grew bigger. I would watch various sporting events with my friends and attend all matches and games that were happening in the area. On one occasion, I decided to go on a road trip to Vegas with my friends, and, needless to say, I fell in love with the bright lights, humongous buildings, and fantastic casinos. That\u2019s when I discovered the whole gambling scene I knew nothing about. Of course, I knew how to play some games, such as poker and blackjack, but I never realized how well-developed this industry actually was. That trip changed my perspective on what I wanted to do with my life. After I graduated, I took some time off and I traveled through the US, exploring various casinos and land-based sportsbooks. I also spent one year in the UK, where my dream of watching Everton play finally came true. There, I realized how advanced the whole gambling industry is and that the legal aspect of it was quite different than in the US. I spent that time writing for various online platforms where I had the opportunity to share my extensive knowledge about sports. When I came back to the US, I was given a chance to write for an international soccer magazine where I covered the Premier League \u2014 which I was crazy about \u2014 Bundesliga, and other international tournaments. After having written hundreds of sports-related articles, I knew what I wanted to do \u2014 create my own platform and share my knowledge with others. How LegalGamblingAndTheLaw.com Came to Life Once I set the goal, I started doing extensive research on the online gambling industry and the laws surrounding it. I wanted to combine my background in law and the passion I have for sports and create a high-quality online platform. While the online gambling industry was flourishing in Europe, the exact opposite was happening in the US. That is, until 2018 when PASPA (Professional and Amateur Sports Protection Act) was overturned. After that, every US state was allowed to introduce new laws and provide operators that wanted to offer various online gambling opportunities with licenses. That was the start of the online gambling industry in the US. Since I knew how online gambling worked thanks to the experience I gained when I was in the UK, I was extremely excited to have the opportunity to introduce US players to the best online gambling platforms and show them that online sportsbooks and casinos can offer an immersive gambling experience, just like their land-based counterparts. Why I Do This What attracted me to online gambling was the possibility of placing bets on my favorite teams from the comfort of my home. I wanted to be able to do that using safe platforms and secure payment options to fund my betting account. And that is exactly what I want for my fellow bettors, too. Naturally, I was a bit of a skeptic myself at first when it came to online gambling simply because I knew how unsafe some sites can be. But once I did some research and talked to fellow European experts, I realized that there is a way to find perfectly safe online gambling platforms. Every gambling site you find on this platform has gone through extensive and rigorous testing to ensure its safety and reliability. Additionally, I have studied the laws of each state in the US, as well as of other countries worldwide, to gain a deeper understanding of how online gambling works in different parts of the world. I\u2019d like to note that the online gambling industry has just begun its journey and we are yet to see its significant growth and improvement in the future. It will be my pleasure to witness all of that with you. I Couldn\u2019t Have Done This on My Own Of course, none of this would have been possible if it weren\u2019t for the amazing team of people I gathered for this project. Since I have only basic knowledge of web development, I started working with some experienced developers who have helped me build this platform. Today, they are here to make sure everything runs smoothly. Also, I knew from the beginning that I wouldn\u2019t be able to take care of all the content on my own, which is why LegalGamblingAndTheLaw.com has an incredible team of experienced gamblers, writers, and people with a background in law. They help me conduct in-depth research and find all the necessary information. Naturally, since this industry is still new in the US, we are all learning a lot, and we will continue to do so in order to improve our platform and make your experience better. Finally, I would love to hear your feedback, suggestions, and comments, so feel free to contact me at any time.","sameAs":["https:\/\/x.com\/Nuge1983"],"url":"https:\/\/www.legitgambling.com\/news\/author\/david-nugent\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/11172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/comments?post=11172"}],"version-history":[{"count":0,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/11172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/media?parent=11172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/categories?post=11172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/tags?post=11172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}