Business
Caesars Entertainment, Inc. Completes Previously Announced Sale of Tropicana Evansville to Gaming & Leisure Properties and Bally's Corporation
LAS VEGAS and RENO, Nev., June 4, 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":"LAS VEGAS and RENO, Nev., June 4, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) (\"Caesars\") today announced the closing of the sale of Tropicana Evansville to Gaming & Leisure Properties and Bally's Corporation for aggregate consideration of $480 million in cash, subject to a customary working capital adjustment. \n\n \n \n \n \n \n \n\n \n\"I want to thank the Team Members of Evansville for all of their hard work and wish them continued success under Bally's leadership,\" said Tom Reeg, CEO of Caesars Entertainment, Inc. \nMilbank LLP represented Caesars Entertainment on the transaction.\nAbout Caesars Entertainment, Inc. Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.'s resorts operate primarily under the Caesars®, Harrah's®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars 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 StatementsThis 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, beyond Cae...