RENO, Nev. and LAS VEGAS, April 7, 2021 /PRNewswire/ — Caesars Leisure, Inc. (NASDAQ: CZR) (“Caesars”) at the moment introduced the closing of the sale of MontBleu Resort On line casino & Spa to Bally’s Company. The closing satisfies Caesars’ settlement with the Federal Commerce Fee to divest the asset in reference to the Caesars-Eldorado merger, which closed in July 2020.
“I need to thank the Group Members of MontBleu for all of their laborious work and dedication all through the years with the Caesars group, notably in the course of the COVID-19 pandemic,” mentioned Tom Reeg, CEO of Caesars Leisure, Inc. “We want all of them continued success below 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 via improvement of recent resorts, expansions and acquisitions. Caesars Leisure’s resorts function primarily below the Caesars®, Harrah’s®, Horseshoe® and Eldorado® model names. Caesars Leisure gives diversified facilities and one-of-a-kind locations, with a deal with constructing loyalty and worth with its friends via a singular mixture of impeccable service, operational excellence and expertise management. Caesars Leisure is dedicated to its workers, suppliers, communities and the setting via its PEOPLE PLANET PLAY framework. For extra data, please go to www.caesars.com/corporate.
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SOURCE Caesars Leisure, Inc.