RENO, Nev. and LAS VEGAS, Dec. 23, 2020 /PRNewswire/ — Caesars Leisure, Inc. (NASDAQ: CZR) (“Caesars” or “CZR”) in the present day introduced the closing of the sale of Eldorado Resort On line casino Shreveport to Bally’s Company for $140 million in internet proceeds, topic to a customary working capital adjustment.
“The completion of the sale of Eldorado Resort On line casino Shreveport satisfies the Federal Commerce Fee request to divest the asset in reference to the Caesars-Eldorado transaction which closed earlier this 12 months,” stated Tom Reeg, CEO of Caesars Leisure, Inc. “Since our acquisition of the property fifteen years in the past, our Group Members’ ardour and dedication have pushed our success in Shreveport. We want all of them continued success underneath Bally’s possession.”
Macquarie Capital and Milbank LLP represented Caesars Leisure on the transaction.
About Caesars Leisure, Inc.
Caesars Leisure, Inc. (NASDAQ: CZR) is the biggest casino-entertainment firm within the U.S. and one of many world’s most diversified casino-entertainment suppliers. Since its starting in Reno, Nevada, in 1937, Caesars Leisure has grown by growth of latest resorts, expansions and acquisitions. Caesars Leisure’s resorts function primarily underneath the Caesars®, Harrah’s®, Horseshoe® and Eldorado® model names. Caesars Leisure gives diversified facilities and one-of-a-kind locations, with a give attention to constructing loyalty and worth with its company by a novel mixture of impeccable service, operational excellence and expertise management. Caesars Leisure is dedicated to its workers, suppliers, communities and the atmosphere by its PEOPLE PLANET PLAY framework. For extra data, please go to www.caesars.com/corporate.
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SOURCE Caesars Leisure, Inc.