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Caesars Entertainment and Acquisition units to merge

23rd December 2014 8:54 am GMT

Caesars Entertainment Corporation and Caesars Acquisition Company, a business established in 2013 which includes the operator’s iGaming and social casino assets, have agreed to merge in an all-stock transaction.

The combined entity will be one of the world’s largest gaming and entertainment companies with a combined market capitalisation of $3.2bn, based on each company’s closing share price on December 19th.

The new business will own eleven properties in Las Vegas including Caesars Palace, […]

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