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In April 2021, the company acquired the sports betting company William Hill for $3.7 billion. [39] [40] Most of William Hill's offerings in the U.S. would be rebranded as Caesars Sportsbook. [41] In September 2021, Caesars agreed to sell William Hill's European business to 888 Holdings for $3 billion. [42]
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
Odds boards in a Las Vegas sportsbook. Sports betting is the activity of predicting sports results and placing a wager on the outcome.. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies".
MGM Resorts International (MGM) and Entain Plc's joint venture BetMGM continues to expand its presence.
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