M&A Deal Summary

Caesars Entertainment Acquires Tropicana Entertainment

On April 16, 2018, Caesars Entertainment acquired leisure company Tropicana Entertainment for 1.9B USD

Acquisition Highlights
  • This is Caesars Entertainment’s 2nd transaction in the Leisure sector.
  • This is Caesars Entertainment’s 2nd largest (disclosed) transaction.
  • This is Caesars Entertainment’s 3rd transaction in the United States.
  • This is Caesars Entertainment’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-04-16
Target Tropicana Entertainment
Sector Leisure
Buyer(s) Caesars Entertainment
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Tropicana Entertainment

Atlantic City, New Jersey, United States
website
Tropicana Entertainment, Inc. is an owns and operater of eight casinos and resorts in Indiana, Louisiana, Missouri, Mississippi, Nevada, New Jersey and Aruba. Tropicana properties collectively have approximately 5,525 rooms, 8,035 slot positions and 304 table games.

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Buyer(S) 1

Buyer

Caesars Entertainment

Reno, Nevada, United States

website

Category Company
Founded 1937
Sector Leisure
Employees49,000
Revenue 10.8B USD (2022)
DESCRIPTION

Caesars Entertainment is a casino entertainment company that owns and operates twenty-six properties in twelve states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,000 slot machines and VLTs and approximately 650 table games, and over 12,000 hotel rooms. Caesars Entertainment was incorporated in 1937 and is headquartered in Reno, Nevada.

DEAL STATS #
Overall 3 of 5
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Isle of Capri Casinos

St. Louis, Montana, United States

Isle of Capri Casinos, Inc. is a regional gaming and entertainment company dedicated to providing guests with an exceptional experience at each of the 14 casino properties that it owns or operates, primarily under the Isle and Lady Luck brands.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Eldorado Resorts - Three Casinos Operations

Nevada, United States

Eldorado Resorts, Inc. - Three Casinos Operations include operating Mountaineer Casino Racetrack and Resort in New Cumberland, WV; Isle Casino Cape Girardeau in Cape Girardeau, MO; and Lady Luck Casino Caruthersville in Caruthersville, MO.

Sell $107M
Mergr

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