Business
Caesars Entertainment, Inc. Completes Previously Announced Sale of MontBleu Resort Casino & Spa to Bally's Corporation
RENO, Nev. and LAS VEGAS, April 7, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") today announced the closing of the sale of
About this update from Caesars Entertainment, Inc.
[{"type":"text","content":"RENO, Nev. and LAS VEGAS, April 7, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) (\"Caesars\") today announced the closing of the sale of MontBleu Resort Casino & Spa to Bally's Corporation. The closing satisfies Caesars' agreement with the Federal Trade Commission to divest the asset in connection with the Caesars-Eldorado merger, which closed in July 2020.\n\n \n \n \n \n \n \n\n \n\"I want to thank the Team Members of MontBleu for all of their hard work and dedication throughout the years with the Caesars organization, particularly during the COVID-19 pandemic,\" said Tom Reeg, CEO of Caesars Entertainment, Inc. \"We wish all of them continued success under Bally's ownership.\" \nMacquarie Capital and Milbank LLP represented Caesars Entertainment on the transaction. \nAbout Caesars Entertainment, Inc. Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment's resorts operate primarily under the Caesars®, Harrah's®, Horseshoe® and Eldorado® brand names. Caesars Entertainment offers diversified amenities and one-of-a-kind destinations, with a focus on building loyalty and value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate. \nForward-Looking Statements This press release includes forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words \"anticipates,\" \"assumes,\" \"believes,\" \"estimates,\" \"expects,\" \"guidance,\" \"intends,\" \"plans,\" \"projects,\" and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases,...