William Hill to acquire CG Technology’s sportsbook assets

William Hill is expanding its presence in Nevada.

The sports betting giant William Hill has announced it will be acquiring CG Technology’s race and sportsbook assets in Nevada and the Bahamas.

This agreement covers the leases of several Casinos on the Las Vegas Strip including The Cosmopolitan of Las Vegas, The Palazzo, The Venetian, The Palms, the Tropicana and Silverton. The deal will also see William Hill providing a betting platform and risk management consulting to the Atlantis on Paradise Island in the Bahamas.

The deal still requires regulatory approval in the state of Nevada and in the Bahamas before the acquisition can take place. Although specific terms of the deal were not disclosed, both parties expect the deal to close in the first half of 2020.

Joe Asher, CEO of William Hill US, said: “We are pleased to have reached this agreement. This will allow us to expand our Las Vegas footprint to several marquee resorts. We look forward to working with our new casino partners and transitioning CG Technology’s retail and mobile customers to our award-winning offering.”

Parikshat Khanna, CEO of CG Technology, also commented: “We are happy to reach an agreement for the sale of the race and sports book assets of CG Technology to William Hill and look forward to a seamless transition for our loyal casino partners and customers.”

William Hill in Nevada

Once this deal is finalized, William Hill will add several new venues to its existing sports betting empire in Nevada. Prior to this announcement, William Hill operated 113 race and sportsbook in the state of Nevada.

Despite having such a large footprint in the Silver State, the sports betting giant had a relatively small presence on the Las Vegas Strip but with this deal, William Hill will finally have a stronger presence on the Strip.

William Hill in the US

Outside of Nevada, William Hill has been hard at work expanding its presence in states with legal and regulated sports wagering.

Following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018, William Hill has set up shop in several states. William Hill currently operates its online sports betting platform in New Jersey and Iowa.

The sports betting operator also powers land-based sportsbooks in West Virginia, New Mexico, Indiana, Mississippi and Rhode Island.

William Hill has also struck partnerships with major sports leagues such as the NBA and NHL. The operator has also partnered with the NHL’s Vegas Golden Knights and the New Jersey Devils.

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