Explore All 30 Divestiture Gaming Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | April 5, 2019 |
| Target | JACK Cincinnati Casino |
| Sector | Gaming |
| Buyer(s) |
Hard Rock International
VICI Properties |
| Sellers(s) | Jack Entertainment |
| Deal Type | Divestiture |
| Deal Value | 780M USD |
| Advisor(s) | Credit Suisse Investment Banking Deutsche Bank Corporate & Investment Banking (Financial) Paul, Weiss, Rifkind, Wharton & Garrison (Legal) |
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Hard Rock International operates owned/licensed or managed hotels, casinos, shops and cafes. Hard Rock destinations are located in international gateway cities, including its two most successful flagship properties in Florida and home to the world's first Guitar Hotel in South Florida, where its headquarters are located.
| Deal Context for Buyer | # |
|---|---|
| Overall | 1 of 3 |
| Sector: Gaming | 1 of 1 |
| Type: Divestiture | 1 of 2 |
| State: Ohio | 1 of 1 |
| Country: United States | 1 of 3 |
| Year: 2019 | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-20 |
Mirage
Las Vegas, Nevada, United States Mirage offers guests an exotic world-class destination unlike any other. The resort features contemporary accommodations; dynamic entertainment including The Beatles LOVE by Cirque du Soleil, Shin Lim: LIMITLESS and the Aces of Comedy series; tantalizing restaurants created by the world's most renowned chefs including Tom Colicchio, and a luxurious spa and salon. Mirage is based in Las Vegas, Nevada. |
Buy | $1.1B |
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 27 |
| Revenue | 3.8B USD (2024) |
VICI Properties is a real estate investment trust that owns one of the largest portfolios of market- gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties is based in New York, New York.
| Deal Context for Buyer | # |
|---|---|
| Overall | 1 of 4 |
| Sector: Gaming | 1 of 1 |
| Type: Divestiture | 1 of 3 |
| State: Ohio | 1 of 1 |
| Country: United States | 1 of 4 |
| Year: 2019 | 1 of 2 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-17 |
Eldorado Resorts - Three Properties Land & Real Estate Assets
New York, New York, United States Eldorado Resorts, Inc. - Three Properties Land & Real Estate Assets provides real estate services. |
Buy | $278M |
Jack Entertainment LLC is an urban gaming company focused on the development of gaming facilities that are designed to maximize connectivity and economic impact in the local areas where they reside. JACK Entertainment includes over 4,000 team members, 40 bars and restaurants, 375,000 square feet of gaming space.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Gaming | 1 of 1 |
| Type: Divestiture | 1 of 2 |
| State: Ohio | 1 of 1 |
| Country: United States | 1 of 2 |
| Year: 2019 | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-03 |
Turfway Park
Florence, Kentucky, United States Turfway Park is a Thoroughbred racetrack in Florence, Kentucky. Turfway offers live racing from December through March, simulcast racing year-round and group sales and catering services year-round. Home of the Spiral Stakes. |
Sell | $46M |
