M&A Deal Summary

Caesars Entertainment Acquires Isle of Capri Casinos

On September 19, 2016, Caesars Entertainment acquired gaming company Isle of Capri Casinos for 1.7B USD

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

M&A Deal Summary
Date 2016-09-19
Target Isle of Capri Casinos
Sector Gaming
Buyer(s) Caesars Entertainment
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Mayer Brown (Legal)

Target

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.

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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 2 of 6
Sector (Gaming) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Montana) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 Scioto Downs

Columbus, Ohio, United States

Scioto Downs, Inc. providing the exhilaration of live harness racing to the Columbus community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Tropicana Entertainment

Atlantic City, New Jersey, United States

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.

Buy $1.9B
Mergr

Product

Company

Legal