Caesars Entertainment - M&A Summary and Business Overview

GamingCompany

Caesars Entertainment M&A Summary

Caesars Entertainment has acquired 4 companies. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Caesars Entertainment’s largest acquisition to date was in 2017, when it acquired Centaur Holdings for $1.7B. It’s largest disclosed sale occurred in 2016, when it sold Playtika Holding to Hony Capital for $4.4B. Caesars Entertainment has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include gaming (50%) and leisure (25%).

Caesars Entertainment Business Overview

Where is Caesars Entertainment headquartered?

Caesars Entertainment is headquartered in Las Vegas, Nevada.

What is Caesars Entertainment’s revenue?

Caesars Entertainment disclosed revenue of 8,189M USD for 2018 and 4,852M USD for 2017.

How many employees does Caesars Entertainment have?

Caesars Entertainment has 68,000 employees.

What sector is Caesars Entertainment in?

Caesars Entertainment is a gaming company.

When was Caesars Entertainment founded?

Caesars Entertainment was founded in 1937.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Caesars Entertainment

Caesars Entertainment Corp. (old)

One Caesars Palace Drive,
Las Vegas, Nevada 89109
United States,
(702) 407-6000

Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '12 '13 '14 '15 '16 '17 T
Buy (0.2/yr) # 3 - - - - 1 4
vol $1.2B $1.7B $2.9B
Sell (0.2/yr) # 1 - - - 1 - 2
vol $240M $4.4B $4.6B
  6

Most Recent M&A

Company Date Value Type
Centaur Holdings LLC 2017-11-17 1.7B USD Add-on Acquisition
Indianapolis, Indiana · www.centaurgaming.net
Playtika Holding Corp. 2016-07-30 4.4B USD Divestiture
Tel Aviv, Israel · www.playtika.com
Playtika Holding Corp. 2011-05-16 - Add-on Acquisition
Tel Aviv, Israel · www.playtika.com
Park Place Entertainment Corp. 2005-06-13 - Add-on Acquisition
Las Vegas, Nevada
Star City Holdings Ltd. 1999-04-16 240M USD Divestiture
Pyrmont,, Australia
Showboat Inc. 1997-12-20 1.2B USD Add-on Acquisition
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 2 (50%) 2.9B (100%) 1 (50%) 240M (5%)
Digital Media 1 (25%) - 1 (50%) 4.4B (95%)
Leisure 1 (25%) - - -
Total 4 $2.9B 2 $4.6B

By Geo

State/Country Buy Value Sell Value
United States 3 2.9B - -
  Nevada 2 1.2B - -
  Indiana 1 1.7B - -
Israel 1 - 1 4.4B
Australia - - 1 240M
Domestic 3 (75%) 2.9B (100%) - -
Cross-border 1 (25%) - 2 (100%) 4.6B (100%)
Total 4 $2.9B 2 $4.6B

Top M&A Advisors

Financial Deals
The Raine Group LLC
 1
Legal Deals
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 2 $2.9B
TOTAL $2.9B
Largest Centaur Holdings LLC
$1.7B (2017-11-17)
sell # Total
> $1B 1 $4.4B
$100M to $1B 1 $240M
TOTAL $4.6B
Largest Playtika Holding Corp.
$4.4B (2016-07-30)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Gaming

Revenue

8,189   69% 2018
4,852   26% 2017
3,877   2% 2016
3,929   2015
(millions of USD) Show More Show Less

Employees

68,000

Established

1937

Former Name

Harrah's Entertainment, Inc.

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