M&A Deal Summary

Tabcorp and CIMIC Acquire Star City Holdings

On April 16, 1999, Tabcorp and CIMIC acquired gaming company Star City Holdings from Caesars Entertainment for 240M USD

Acquisition Highlights
  • This is Tabcorp’s 1st and CIMIC’s 1st transaction in the Gaming sector.
  • This is Tabcorp’s and CIMIC’s 2nd largest (disclosed) transaction.
  • This is Tabcorp’s 1st and CIMIC’s 1st transaction in Australia.

M&A Deal Summary
Date 1999-04-16
Target Star City Holdings
Sector Gaming
Buyer(s) Tabcorp
CIMIC
Sellers(s) Caesars Entertainment
Deal Type Add-on Acquisition
Deal Value 240M USD

Target

Star City Holdings

Pyrmont,, Australia
Star City Holdings Limited owns and operates a casino.

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Buyer(S) 2

Buyer

Tabcorp

Melbourne, Australia
Category Company
Founded 1881
Sector Gaming
Employees5,000
Revenue 2.3B AUD (2024)
DESCRIPTION

Tabcorp is a provider of wagering, racing media, gaming services and Keno. Tabcorp was founded in 1881 and is based in Melbourne, Australia.

DEAL STATS #
Overall 1 of 6
Sector (Gaming) 1 of 5
Type (Add-on Acquisition) 1 of 5
Country (Australia) 1 of 6
Year (1999) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-14 Structured Data Systems Pty

Noble Park,, Australia

tructured Data Systems is the owner of the computer simulated racing product known as "Trackside" which has been trialled successfully in certain Victorian wagering outlets. Trackside is also operating successfully in the Wrest Point,

Buy -
Buyer

CIMIC

North Sydney, Australia
Category Company
Founded 1899
Sector Construction
Employees24,381
Revenue 9.7B AUD (2021)
DESCRIPTION

CIMIC provide construction, mining and operation and maintenance services to the infrastructure, resources and property markets. CIMIC was founded in 1899 and is based in North Sydney, Australia.

DEAL STATS #
Overall 1 of 7
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 1 of 5
Country (Australia) 1 of 5
Year (1999) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Al Habtoor Leighton Group

Dubai, United Arab Emirates

The Habtoor Leighton Group (HLG) is one of the leading diversified international contractors in the Middle East and North Africa.

Buy -

Seller(S) 1

SELLER

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 2
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-20 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.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-13 Park Place Entertainment

Las Vegas, Nevada, United States

Park Place Entertainment Corp operates casinos and hotels in the United States.

Buy -
Mergr

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