Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Other Events
Item 8.01 Other Events.
Entertainment Operating Company, Inc. (“CEOC”) issued a joint
press release announcing that Baluma Holdings S.A., a non-debtor
foreign subsidiary of CEOC (Baluma Holdings) has sold Baluma
Holdings 55% share in Punta del Este Conrad in Uruguay to Enjoy
S.A., giving Enjoy S.A. 50% ownership in the Punta del Este
Conrad. Baluma Holdings received net proceeds from the
transaction of approximately $180 million after distributions to
certain minority investors. A copy of the joint press release is
attached hereto as Exhibit 99.1 and is incorporated into this
report by reference.
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Exhibit No.
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Description
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99.1
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Press Release
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About Caesars Entertainment Corporation (NASDAQ:CZR)
Caesars Entertainment Corporation (Caesars) is a holding company. The Company offers casino-entertainment and hospitality services. It operates through three segments: Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners Casino Properties and Developments (CGP Casinos) and Caesars Interactive Entertainment, Inc. (CIE). The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, it operates an online gaming business that provides social and mobile games offerings that utilize virtual currency, as well as real money games in certain jurisdictions. The Company owns CERP and an interest in Caesars Growth Partners, LLC (CGP). Through its consolidated entities, it owns and operates approximately 10 casinos in the United States, with over one million square feet of gaming space and over 23,000 hotel rooms. Caesars Entertainment Corporation (NASDAQ:CZR) Recent Trading Information
Caesars Entertainment Corporation (NASDAQ:CZR) closed its last trading session down -0.10 at 10.90 with 2,038,661 shares trading hands.
