M&A Deal Summary

Caesars Entertainment Acquires Caesars Entertainment

On June 24, 2019, Caesars Entertainment acquired gaming company Caesars Entertainment

Acquisition Highlights
  • This is Caesars Entertainment’s 2nd transaction in the Gaming sector.
  • This is Caesars Entertainment’s 4th transaction in the United States.
  • This is Caesars Entertainment’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-06-24
Target Caesars Entertainment
Sector Gaming
Buyer(s) Caesars Entertainment
Deal Type Merger
Advisor(s) PJT Partners, Inc. (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Caesars Entertainment

Las Vegas, Nevada, United States
Entrance to Caesars Palace in Las Vegas, Nevada.
Entrance to Caesars Palace in Las Vegas, Nevada.
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.

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Buyer(S) 1

Buyer

Caesars Entertainment

Reno, Nevada, United States
Category Company
Founded 1937
Sector Leisure
Employees51,000
Revenue 11.5B USD (2023)
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 4 of 6
Sector (Gaming) 2 of 3
Type (Merger) 1 of 1
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Montbleu Resort Casino and

Stateline, Nevada, United States

Montbleu Resort, Casino and Spa boast spectacular views of Lake Tahoe with the 12th Floor Wedding Chapel.

Sell -
Mergr

Product

Company

Legal