Caesars Acquiring U.K. Gambling Company William Hill for $3.7 Billion

Caesars Acquiring U.K. Gambling Company William Hill for $3.7 Billion

Casino operator Caesars Entertainment (NASDAQ: CZR) has notched a win at the acquisition poker table. The company announced Wednesday that its bid for U.K.-based betting company William Hill has been accepted, and that it will be the new owner of that business. The deal comes amid the sharply rising popularity of online sports betting services like DraftKings.