Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Other Events

Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Other Events
Item 8.01. Other Events

Story continues below

On July16, 2018, a subsidiary of Caesars Entertainment Corporation (the “Company”) closed the transaction to acquire Centaur Holdings, LLC (“Centaur”). The transaction was previously announced by the Company in a press release dated November16, 2017. The purchase price was $1.7billion in cash, $1.625billion of which was due at closing and $75million of which is deferred consideration subject to a customary purchase price adjustment. The purchase of Centaur includes Hoosier Park Racing and Casino in Anderson, Indiana, and the Indiana Grand Racing and Casino in Shelbyville, Indiana.

On July16, 2018, the Company issued a press release announcing the closing of the transaction. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 8.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being filed herewith:

ExhibitNo.

Description

99.1 Press Release

EXHIBIT INDEX

ExhibitNo.

Description

99.1 Press Release


CAESARS ENTERTAINMENT Corp Exhibit
EX-99.1 2 d526112dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   Caesars Entertainment Completes $1.7 Billion Acquisition of Centaur Holdings Hoosier Park Racing and Casino,…
To view the full exhibit click here

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.

An ad to help with our costs