United Kingdom-based sportsbook operator William Hill is enhancing his footprint in Las Vegas by purchasing a number of assets belonging to CG Technology for an undisclosed purchase price. The leases for the books at The Cosmopolitan, Venetian, Palazzo, Tropicana, Silverton and Palms are included in the purchase.
Joe Asher, Chief Executive Officer of William Hill U.S., issued a statement wherein he commented by saying that they look forward to working with their new casino partners and transitioning CG Technology’s retail and mobile customers to their award-winning offering.
Asher also said that the agreement will allow them to expand their Las Vegas footprint to several marquee resorts.
William Hill already operates sportsbooks at a few properties in Las Vegas, including Sahara and The STRAT.
According to the CG Technology’s website, the Hard Rock Hotel is its only other sportsbook. The hotel is due to close for rebranding and remodeling in February 2020.
The deal will also see William Hill providing ‘a betting platform and risk management consulting to the Atlantis on Paradise Island.
The financial terms and a closing date for the acquisition of CGT has not yet been announced.
Prior to purchasing the assets from CG Technology, William Hill operated 113 Nevada race and sportsbooks.
Formerly Cantor Gaming, CG Technology paid a $2 million fine to the Nevada Gaming Commission (NGC) last year to retain its license to settle charges of rules violations. It was reported at the time that CG Technology has paid three of the ten largest penalties ever handed down by the NGC.
