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Caesars Entertainment In Talks To Buy UK's William Hill: WSJ

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Caesars Entertainment In Talks To Buy UK's William Hill: WSJ

Caesars Entertainment Corporation (NASDAQ: CZR) shares are trading higher on Monday after Wall Street Journal reported the company is in talks to acquire the U.K. betting company William Hill.

William Hill is a bookmaker based in London, U.K. and is listed on the London Stock Exchange. Interest in the sports gambling market has been increasing. Caesars has made a cash offer of £2.9 billion ($3.7 billion) for the company.

Caesars Entertainment shares were trading up 7.94% at $57.07 in Monday’s pre-market session. The stock has a 52-week range between $70.74 and $6.02.

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