The Online Investor
Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Mon., Aug. 10, 3:28 AM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

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. Through its subsidiaries, Co. is a gaming and hospitality company. Co.'s properties feature slot machines and video lottery terminals and e-tables, table games and hotel rooms. Co.'s segments are: West Region, which include properties in Nevada and Colorado; Midwest Region, which consists of dockside casinos in Iowa and land-based casinos in Missouri; South Region, which consists of dockside casinos in Louisiana and Mississippi, land-based casino in Mississippi and racino in Florida; East Region, which consists of a racino in Ohio and a casino in New Jersey; and Central Region, which consists of properties located in Indiana, Illinois and Missouri.

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Company Name: 
Caesars Entertainment Inc (New)
Stock buyback: 
CZR buyback
Website: 
www.eldoradoresorts.com
Sector: 
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding CZR: 
25
Total Market Value Held by ETFs: 
$1.85B
Total Market Capitalization: 
$2.42B
% of Market Cap. Held by ETFs: 
76.43%
 

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Strong Buy (3.58 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)
Based on Zacks ABR data;
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