M&A Deal Summary |
|
|---|---|
| Date | 2019-06-17 |
| Target | Eldorado Resorts - Three Properties Land & Real Estate Assets |
| Sector | Real Estate |
| Buyer(s) | VICI Properties |
| Sellers(s) | Caesars Entertainment |
| Deal Type | Divestiture |
| Deal Value | 278M USD |
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| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 28 |
| Revenue | 3.6B USD (2023) |
VICI Properties is a real estate investment trust that owns one of the largest portfolios of market- gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. VICI Properties is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Real Estate) | 1 of 2 |
| Type (Divestiture) | 2 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2019) | 2 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-05 |
JACK Cincinnati Casino
Cincinnati, Ohio, United States Jack Cincinnati Casino is a casino in Cincinnati, Ohio. |
Buy | $780M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-24 |
Bally s Atlantic City Hotel & Casino
Atlantic City, New Jersey, United States Bally's Atlantic City Hotel & Casino is a 4-star hotel focused on providing casino-entertainment based in Atlantic City, 08401, New Jersey. |
Sell | $25M |
| Category | Company |
|---|---|
| Founded | 1937 |
| Sector | Leisure |
| Employees | 51,000 |
| Revenue | 11.5B USD (2023) |
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 (Real Estate) | 1 of 1 |
| Type (Divestiture) | 2 of 5 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 6 |
| Year (2019) | 2 of 2 |
| Size (of disclosed) | 2 of 5 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-24 |
Caesars Entertainment
Las Vegas, Nevada, United States 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. |
Buy | - |
