Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Feb. 3, 11:00 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. focuses on the casino properties' gaming operations, retail and online sports betting, as well as online gaming, and it utilizes its hotels, restaurants, bars, entertainment, racing, retail shops and other services. Co. owns, leases or manages its properties in various states with its slot machines, video lottery terminals and e-tables, table games and hotel rooms. Co. also operates and conducts sports wagering across various states and domestic jurisdictions, some of which are mobile for sports betting, and operates regulated online real money gaming in several states.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 48th percentile
(ranked lower than approx. 52% of all stocks covered)
Analysts' Target Price: CZR Stock Forecast Based on Zacks ABR data; powered by Xignite |
