Travel & Entertainment M&A » By The Online Investor Staff, updated Tue., Aug. 9, 3:09 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. Through its subsidiaries, Co. is a gaming and hospitality company. Co.'s business includes: casino operations, which provide slot machines and table games including poker; food and beverage operations, which provide dining venues, bars, nightclubs, and lounges at its casinos, as well as room service in its hotels; hotel operations, which provide hotel stays at its properties in guest rooms and suites; casino management services, which provides staffing and management services; and entertainment and other non-gaming operations, which provides various retail and entertainment offerings at its properties, including online sports betting and iGaming.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 50th percentile
(ranked higher than approx. 50% of all stocks covered)
Analysts' Target Price: CZR Stock Forecast Based on Zacks ABR data; powered by Xignite |
