M&A Deal Summary

Caesars Entertainment Acquires Park Place Entertainment

On June 13, 2005, Caesars Entertainment acquired leisure company Park Place Entertainment

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

M&A Deal Summary
Date 2005-06-13
Target Park Place Entertainment
Sector Leisure
Buyer(s) Caesars Entertainment
Deal Type Add-on Acquisition

Target

Park Place Entertainment

Las Vegas, Nevada, United States
Park Place Entertainment Corp operates casinos and hotels in the United States.

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Buyer(S) 1

Buyer

Caesars Entertainment

Las Vegas, Nevada, United States
Category Company
Founded 1937
Sector Gaming
Employees68,000
Revenue 8.2B USD (2018)
DESCRIPTION
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.

DEAL STATS #
Overall 2 of 4
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Nevada) 2 of 2
Country (United States) 2 of 3
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-16 Star City Holdings

Pyrmont,, Australia

Star City Holdings Limited owns and operates a casino.

Sell $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 Playtika

Herzliya Pituach, Israel

Playtika, headquartered in Israel with additional studios and offices in Argentina, Australia, Belarus, Canada, Japan, Romania, Ukraine and the United States, is a global social and mobile free-to-play games company. Playtika was formed in 2010 and is based in Herzliya Pituach, Israel.

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