Caesars Entertainment Corporation CZR shares are trading higher on Monday after Wall Street Journal reported the company is in talks to acquire the U.K. betting company William Hill.
William Hill is a bookmaker based in London, U.K. and is listed on the London Stock Exchange. Interest in the sports gambling market has been increasing. Caesars has made a cash offer of £2.9 billion ($3.7 billion) for the company.
Caesars Entertainment shares were trading up 7.94% at $57.07 in Monday’s pre-market session. The stock has a 52-week range between $70.74 and $6.02.
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