US casino operator Caesars Entertainment Corporation has agreed to sell four of its casinos to Caesars Growth Partners, its majority-owned subsidiary which already holds the company’s online gaming operations and various other assets.
Caesars will sell Bally's Las Vegas, The Cromwell (formerly Bill's Gamblin' Hall & Saloon), The Quad and Harrah's New Orleans to Caesars Growth Partners, for a total purchase price of $2.2bn, including assumed debt of $185m and committed project capital expenditures of $223m.
The [...]
