Caesars Acquisition Company (NASDAQ: CACQ), led by President and CEO Mitch Garber is an equity stakeholder in Caesars Growth Partners, LLC through Caesars Interactive Entertainment where Garber also sits as CEO.
2. The Louisiana Gaming Control Board has officially
approved the sale of Caesars Entertainment Corporation
(NASDAQ: CZR) property Harrah's New Orleans to
Caesars Growth Partners (CGP), an entertainment and
casino asset of Caesars Acquisition Company (NASDAQ:
CACQ).
Caesars Acquisition Co. and Caesars Entertainment Corp.
made a joint announcement about the finalization of the
deal a day following the May 19th approval by the gaming
commission.
3. The transaction will not interrupt the daily operations at
Harrah’s New Orleans and the acquired property will
remain included in the Total Rewards Network.
This comes after the recent regulatory consent granted to
CGP by the Nevada Gaming Commission and the entity’s
success in securing $700 million in financing to close on
the purchase of The Cromwell, Bally's Las Vegas and The
Quad Resort & Casino from parent company Caesars
Entertainment Corporation. Caesars Growth Partners plans
on replacing this loan with $2 billion in financing, which
will incorporate restructuring Planet Hollywood’s $485
million debt.
4. About Caesars Growth Partners
Caesars Growth Partners is an entertainment company that
solely concentrates its efforts on growing a portfolio of
high-growth operating assets and equity and debt
investments with strong value potential through
acquisitions in the interactive and gaming entertainment
industries. www.caesarsacquisitioncompany.com
Caesars Acquisition Company (NASDAQ: CACQ), led by
President and CEO Mitch Garber is an equity stakeholder
in Caesars Growth Partners, LLC through Caesars
Interactive Entertainment where Mitch Garber Caesars
also sits as CEO.
5. The joint partnership is with Casino Properties and
Developments, a subsidiary of parent company Caesars
Entertainment Corporation (NASDAQ: CZR)
To learn more:
www.wsop.com
www.caesars.com
www.caesarsacquisitioncompany.com
www.caesarsinteractive.com
www.mitchgarber.com
6. The joint partnership is with Casino Properties and
Developments, a subsidiary of parent company Caesars
Entertainment Corporation (NASDAQ: CZR)
To learn more:
www.wsop.com
www.caesars.com
www.caesarsacquisitioncompany.com
www.caesarsinteractive.com
www.mitchgarber.com