Caesars Entertainment (CZR) - NASDAQ
  • Dec. 30, 2015, 9:24 AM
    • The elevated level of consolidation in the gaming sector is expected to continue in 2016 as companies look to scale up amid margin pressure.
    • Analysts think 888 Holdings (OTCPK:EIHDF) and William Hill (OTC:WIMHF, OTCPK:WIMHY) could rekindle their merger talks.
    • Betsson (OTCPK:BTSNF) is seen combining with Malta-based Unibet.
    • Mega-mergers are given a longer shot by analysts despite persistent chatter over Wynn Resorts (NASDAQ:WYNN), MGM Resorts (NYSE:MGM), and Las Vegas Sands (NYSE:LVS). Some names to watch for M&A buzz include Full House Resorts (NASDAQ:FLL), Amaya (NASDAQ:AYA), Tropicana Entertainment (OTCQB:TPCA), Entertainment Gaming (NASDAQ:EGT), Eldorado Holdings (NASDAQ:ERI), Ladbrokes (OTCPK:LDBKY), Boyd Gaming (NYSE:BYD), Isle of Capri (NASDAQ:ISLE), and Golden Entertainment (NASDAQ:GDEN). A wildcard in the mix is Caesars Entertainment (NASDAQ:CZR) which is mired in legal quagmire, but has some strong properties in its stable if it can clear bankruptcy intact.
    • Place your 2016 gaming merger bet in the comment stream.
    • Related ETF : BJK.
    | Dec. 30, 2015, 9:24 AM | 6 Comments
  • Dec. 22, 2014, 7:51 AM
    • The combined company will have a market cap of $3.2B, based on Friday's closing prices, and a combined cash balance of $1.7B, excluding cash at CEOC.
    • Terms: Owners of Caesars Acquisition (NASDAQ:CACQ) will receive 0.664 shares of Caesars Entertainment (NASDAQ:CZR) for each share of CACQ they hold. At the end, Caesars Entertainment stockholders will own about 62% of the combined company. Roughly 90% of stockholders of CZR also own shares of CACQ.
    • Caesars Chairman and CEO Gary Loveman will hold the same roles at the combined company, which will be known as Caesars Entertainment and trade under the same symbol.
    • Shares are currently halted from premarket trade.
    | Dec. 22, 2014, 7:51 AM | 1 Comment
  • Dec. 22, 2014, 3:51 AM
    • Caesars Entertainment (NASDAQ:CZR) plans to buy affiliate Caesars Acquisition (NASDAQ:CACQ) in a stock-for-stock merger, the WSJ reports.
    • The acquisition, to be announced as soon as today, would better position Caesars Entertainment to restructure the $18.4B debt load of its largest subsidiary - Caesars Entertainment Operating Company.
    • Based on Friday's closing share price, Caesars Acquisition is valued at $1.3B.
    | Dec. 22, 2014, 3:51 AM
Company Description
Caesars Entertainment Corp. is a diversified casino-entertainment company. The company operates its business through its wholly owned subsidiary, Caesars Entertainment Operating Company, Inc. It owns an online gaming business, which provides real money casino, bingo and poker games in the United... More
Sector: Services
Industry: Resorts & Casinos
Country: United States