Travel & Entertainment M&A » By The Online Investor Staff, updated Sun., May. 16, 4:52 PM
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 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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Avg. Broker Rec.
 
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Strong Buy (3.75 out of 4) 69th percentile
(ranked higher than approx. 69% of all stocks covered)
Analysts' Target Price: CZR Stock Forecast Based on Zacks ABR data; powered by Xignite |
