LeoVegas poised to launch in New Jersey following Caesars deal Share
May 17, 2021
LeoVegas has set its sights on the New Jersey betting market, having developed plans to launch its online casino brand in the state, following an agreement with leading US gambling conglomerate
Caesars Entertainment.
Marking its first expansion into the burgeoning US gambling industry, LeoVegas expects to be able to accept its first American customers during the first half of 2022, and intends to facilitate its stateside launch via its proprietary technical platform.
The gambling group will leverage its Rhino platform – which handles over 60 game integrations from casino providers and sportsbooks and is fully ported with Google Cloud – as part of a strategic commercial plan to retain control over its product and enable a ‘unique and competitive’ gaming experience for its new American consumers.
DE-LISTING AND CANCELLATION OF TRADING OF WILLIAM HILL PLC SHARES
Further to the announcement made by William Hill PLC ( William Hill ) on 22 April 2021, William Hill today announces that, following an application by William Hill, the Financial Conduct Authority has cancelled the listing of William Hill Shares on the premium listing segment of the Official List and the London Stock Exchange has cancelled the trading of William Hill Shares on the London Stock Exchange s main market for listed securities, in each case with effect from 8:00 a.m. (London time) today, 23 April 2021.
Capitalised terms used in this announcement shall, unless otherwise defined, have the meanings given to them in the Scheme Document published on 26 October 2020 in relation to the recommended cash offer by Caesars UK Holdings Limited (a wholly-owned subsidiary of Caesars Entertainment, Inc.) for the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesa
under Part 26 of the Companies Act 2006
Scheme of Arrangement Becomes Effective
On 30 September 2020, the boards of William Hill, Caesars UK Bidco and Caesars announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco shall acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group (the Acquisition ), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the Scheme ).
On 20 April 2021, William Hill announced that the High Court of Justice in England and Wales had sanctioned the Scheme following the Scheme Court Hearing held on 31 March 2021.
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Record numbers of gamblers have taken to betting using a smartphone or computer while bookmakers have been closed, and there are concerns some may never return to the high street.