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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 5:37 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #16. Caesars Growth Partners Bally's Las Vegas, The Cromwell (formerly Bill's Gamblin' Hall & Saloon), The Quad Resort & Casino ("The Quad") and Harrah's New Orleans from Caesars Entertainment Corporation

Acquirer: Caesars Growth Partners
Acquiree: Bally's Las Vegas, The Cromwell (formerly Bill's Gamblin' Hall & Saloon), The Quad Resort & Casino ("The Quad") and Harrah's New Orleans from Caesars Entertainment Corporation (NASDAQ:CZR)
Details: Caesars Acquisition Company (NASDAQ: CACQ) ("CAC") today announced that Caesars Growth Partners, LLC ("Growth Partners") has entered into a definitive agreement to acquire Bally's Las Vegas, The Cromwell (formerly Bill's Gamblin' Hall & Saloon), The Quad Resort & Casino ("The Quad") and Harrah's New Orleans from Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") for $2.2 billion including assumed debt of $185 million and committed project capital expenditures of $223 million, resulting in cash consideration of approximately $1.8 billion. The transaction has been unanimously recommended by independent special committees of the boards of directors of CAC, the managing member of Growth Partners, and Caesars Entertainment and approved by the boards of both companies. The transaction is expected to close in the second quarter of 2014, subject to certain closing conditions, including the receipt of required regulatory approvals.



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Company Name: 
Caesars Entertainment Corp
Stock buyback: 
CZR buyback
Website: 
www.caesars.com
Sector: 
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding CZR: 
51
Total Market Value Held by ETFs: 
$988.42M
Total Market Capitalization: 
$7.77B
% of Market Cap. Held by ETFs: 
12.73%
 

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Hold (2.44 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Based on Zacks ABR data;
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