caesars entertainment corporation

/Tag: caesars entertainment corporation

caesars entertainment corporation

Eldorado and Caesars Enter $17.3 Billion Merger Agreement

Eldorado | June 24, 2019

June 24, 2019 -- RENO, Nev. & LAS VEGAS -- Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") and Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars") announced that they have entered into a definitive merger agreement to create the largest U.S. gaming company. The proposed transaction will combine two leading gaming companies with complementary national operating platforms, strong brands, strategic industry alliances, and a collective commitment to enhancing guest service and shareholder value. The combined company will provide its guests with access to approximately 60 domestic casino–resorts and gaming ...

Caesars Entertainment to Sell Interest in Emerald Resort & Casino to South Africa-Based Peermont Hotels, Casinos and Resorts for $49 Million

Caesars Entertainment Corporation | May 15, 2019

LAS VEGAS, May 15, 2019 -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment" or "Caesars" or the "Company") today announced that it has agreed to sell its South African property Emerald Resort & Casino to Peermont Hotels, Casinos and Resorts, a Johannesburg based hospitality and entertainment company for total proceeds of $49.0 million, which implies a 7.9x multiple on 2018 EBITDA of $6.2mm. Caesars owns 70% of this property while the remaining 30% is owned by local minority partners. Total cash proceeds to Caesars for its 70% ownership and other adjustments total $39 million. "While Emerald Resort & Casino i...

Caesars Entertainment Appoints Tony Rodio as Chief Executive Officer

Caesars Entertainment | April 17, 2019

LAS VEGAS – April 17, 2019 – Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment", "Caesars" or the "Company") today announced that its Board of Directors has named Anthony ("Tony") Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. He will join the Company's Board of Directors and be based in Las Vegas. The Board also announced the creation of a Transaction Committee to oversee the Company's evaluation of ongoing efforts in creating additional shareholder value....

Caesars Entertainment Plans Caesars Republic Scottsdale - First Non-Gaming Hotel in the United States

January 28, 2019

LAS VEGAS, Jan. 28, 2019 -- Caesars Entertainment Corporation (NASDAQ: CZR), the world's most diversified casino-entertainment company today announced plans to open Caesars Republic Scottsdale, its first non-gaming hotel in the United States, as part of its plan to expand its brands and loyalty network through its licensing strategy. Caesars Republic Scottsdale will be located adjacent to the region's premier luxury retail destination, Scottsdale Fashion Square, and will be a four-star hotel developed by HCW Development and operated by Aimbridge Hospitality. Caesars Entertainment will license its brand, advise on design elements...

VICI Properties Completes Acquisition of Octavius Tower at Caesars Palace Las Vegas for $507.5 Million

VICI Properties | July 12, 2018

NEW YORK--VICI Properties Inc. (NYSE:VICI) (together with its affiliates, "VICI Properties" or the "Company"), an experiential real estate investment trust ("REIT"), today announced it has completed the acquisition for the previously announced transaction with Caesars Entertainment Corporation (NASDAQ:CZR) ("Caesars Entertainment" or "Caesars") to acquire, and lease back, all of the land and real estate assets associated with the Octavius Tower at Caesars Palace for $507.5 million. The Company funded the purchase of Octavius Tower using available cash. Caesars has operated, and will continue to operate, Octavius Tower pursuant to the te...

Caesars Entertainment Plans Resort Licensing & Brand Opportunities for Non-Gaming Hotels with Four Iconic Brands

Caesars Entertainment Corporation | June 5, 2018

LAS VEGAS, June 5, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) has announced plans to create unique branding and licensing opportunities with four of its iconic brands - Caesars Palace, Flamingo, The Cromwell and The LINQ. The move allows Caesars and select strategic partners to expand the global reach of these distinct brands into gateway cities around the world. "Caesars Entertainment brings instant brand-recognition, category-leading customer loyalty, unique hospitality and entertainment amenities as well as decades of management expertise to world class partners seeking to deliver distinct lodging and resort experie...

Caesars Entertainment Partners With Grupo Questro for $200 Million Caesars Palace Luxury Resort in Puerto Los Cabos, Baja, Mexico

Caesars Entertainment Corporation | April 26, 2018

LAS VEGAS, April 26, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced plans to bring a non-gaming Caesars Palace resort to beach-front property along the coast of Puerto Los Cabos, Mexico. The hotel licensing strategy is part of Caesars' plan to expand its brands into new global markets. The $200 million luxury beachfront hotel will be developed by Grupo Questro, one of Mexico's preeminent developers with over 30 years of experience and a diversified portfolio of projects that includes resorts, hotels, shopping centers, golf courses, and residential complexes. Caesars Entertainment will manage the property...

Caesars Entertainment and Meraas Plan to Open Two Caesars Hotels & Beach Club in Dubai

Caesars Entertainment Corporation | April 16, 2018

LAS VEGAS, April 16, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) and Meraas Holdings LLC have announced that they have entered into a non-binding letter of intent for Caesars Entertainment to manage two luxury hotels and a beach club at Meraas' Dubai-based Bluewaters Island development. In late 2018, Bluewaters Island is expected to become home to Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai -- both of which will represent Caesars Entertainment's first non-gaming resorts. Situated along the beachfront on a man-made island, these two resort hotels will include 479 5-star rooms. A variety of modern amen...

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