U.S. casino operator Caesars Entertainment agreed on Wednesday to buy British-based gambling group William Hill for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market. | Video
Caesars is in advanced takeover talks with William Hill that value the British bookmaker at 2.9 billion pounds ($3.7 billion) and would give the casino operator full control of a quickly expanding U.S. sports-betting and online business. | Video
Caesars is in advanced talks to buy William Hill in a deal that would value the British bookmaker at 2.9 billion pounds ($3.7 billion) and give the casino operator control of a quickly expanding U.S. sports-betting and online business. | Video
William Hill has received rival takeover proposals from buyout firm Apollo and U.S. casino operator Caesars Entertainment, the British betting firm said on Friday, without disclosing the value of the offers.
Cineworld , the world's second-biggest cinema operator, warned on Thursday it might need to raise more money if theatres shut again from fresh pandemic curbs after it swung to a $1.64 billion first-half loss, sending shares down 17%.
* Shares jump 11%
(Adds analyst comment, cash burn details, background, updates
Premier Inn owner Whitbread plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme.