CAESARS WOULD NEED TO RAISE $10B TO BUY FANDUEL Lou De Aguila 20. March 2023 | UPDATED ON: 20. March 2023 Post Views: 164 US casino and sports betting giant Caesars Entertainment is believed to be in the driver’s seat to acquire at least one of Flutter’s businesses, specifically the prominent sportsbook FanDuel, which is on the market in the United States. Yet, seeing it through would not be a walk in the park either. The acquisition of FanDuel, a crown jewel in the world of sports betting, could quickly deplete Caesars Entertainment’s war chest because it is likely to sell for well over $10 billion. Top 3 Internet Sports Betting Sites For Players From USA in 2024 Slot Title Pay Back Key Features 1 50% first deposit bonus up to $250 Min. Deposit: $10Payout speed: 15 minutes50% first deposit bonus up to $250Play NowOur score: 50% first deposit bonus up to $250Read more2 $20 free bet Min. Deposit: $10Payout speed: 48 hours$20 free betPlay NowOur score: $20 free betRead more Casino Org cited the recently released White Paper Review, which will bring about a number of changes that are likely to suppress trading prices for gambling companies. This would, in turn, lead to further market consolidation—or, at the very least, create the conditions in which such moves would be beneficial to the parties that would be carrying them out. In fact, this could end up being worth twice as much. The current market valuation of the would-be acquisition target is significantly higher than Caesars’ purchasing power at the present time, thus rumors that Caesars Entertainment would go for Flutter Entertainment should be put to rest. The Canadian Broadcasting Corporation (CFTN) believes that Caesars Entertainment is not the only corporation that would be interested in searching for new treasures. On the other hand, there is a chance that Entain and MGM Resorts International will dance together again. MGM Also Expected to Make Moves MGM Resorts International has already categorically denied that the firm would be acquiring Entain and did not anticipate that the company’s view would alter, however, CFTN analysts may recommend that the company adjust its outlook. MGM could see the value in buying more assets, especially from a company like Entain which is a leader in the iGaming vertical, which is an area that MGM Resorts International would also like to grow quickly. When discussing potential acquisitions, the name 888 Holdings was included in the CFTN analysis of the gambling business following the publication of the White Paper Review. The document has the potential to further reduce the value of 888 Holdings shares, which are already somewhat depressed as a result of Itai Pazner’s recent departure from his position as CEO. It is not at all unexpected that consolidation moves have occurred in the aftermath of significant shifts in the business. In 2021, Caesars Entertainment paid a total of $4 billion to purchase the assets of William Hill in the United States. The company has been doing well in both the land-based casino and sports betting verticals, but a further unification of its operations under the FanDuel brand might be the crown jewel of the company’s operations. Yet, only time will tell if Caesar has the financial acumen and physical strength necessary to pull it off successfully. Mobile Sports Betting Bonus for NCAA March Madness: Claim a quick 50% bonus of up to $250 once you make an initial deposit on Bovada! Claim up to $250 Bonus Now About Lou De Aguila Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time. View all posts by Lou De Aguila →