Fees bonanza from Caesar's takeover of William Hill


Bosses, bankers and advisers will enjoy massive £169m payday from Caesar Entertainment’s takeover of William Hill

Bosses, bankers and advisers will enjoy a massive £169m payday from Caesar Entertainment’s takeover of William Hill. 

The Las Vegas casino and hotel operator hopes to buy the UK bookmaker for close to £3billion and turbo-charge its expansion into America’s burgeoning online gambling sector. 

Payday: The Las Vegas casino and hotel operator hopes to buy bookmaker William Hill for close to £3billion

Payday: The Las Vegas casino and hotel operator hopes to buy bookmaker William Hill for close to £3billion

Documents released yesterday revealed that William Hill’s chief executive Ulrik Bengtsson will pocket a £1.2m bonus as part of the deal, as well as up to £2.3m from the early vesting of outstanding share schemes. His finance chief Matthew Ashley will receive a £900,000 bonus. 

Advisers will share up to £165.3m for their work on the deal. Lawyers on both sides will receive £21m and financial brokers will take home £50.5m. 

Barclays, Citigroup, PJT Partners and Deutsche Bank will also share between £62.4m and £75.4m in financing fees. 



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