M&A Deal Summary

Caesars Entertainment Acquires Showboat

On December 20, 1997, Caesars Entertainment acquired gaming company Showboat for 1.2B USD

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

M&A Deal Summary

Date 1997-12-20
Target Showboat
Sector Gaming
Buyer(s) Caesars Entertainment
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Showboat

Las Vegas, Nevada, United States
Showboat, Inc. is a US operator of US-based casino hotels. The Company owns and operates casinos in Atlantic City, New Jersey and Las Vegas, Nevada.

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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 1 of 4
Sector: Gaming M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
State: Nevada M&A 1 of 2
Country: United States M&A 1 of 3
Year: 1997 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING 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