Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 10:32 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #23. Caesars Entertainment — Non-Gaming Assets Of Atlantic Club
Acquirer:
Caesars Entertainment (NASDAQ:CZR)
Acquiree:
Non-Gaming Assets Of Atlantic Club
Details:
Caesars Entertainment Corporation (NASDAQ: CZR) today confirmed that its subsidiary, Caesars Entertainment Operating Company, Inc., has agreed to acquire the non-gaming assets of the Atlantic Club, including the real property, in a bankruptcy auction, pending approval of the bankruptcy court.
Caesars Entertainment is a holding company that provides casino-entertainment and hospitality services. Co.'s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, Co. operates an online gaming business that provides real money games in certain jurisdictions and provides retail sports wagering in certain jurisdictions. Co.'s consolidated business is composed of five complementary businesses: casino entertainment, food and beverage, rooms and hotel, casino management services, and entertainment and other business operations, including mobile sports betting.
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Avg. Broker Rec.
 
|
Hold (2.44 out of 4) 13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
