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Rock Gaming buys $60m stake in Caesars Interactive

4th April 2012 7:33 am GMT

Caesars has sold a $60m stake in its interactive gaming business to Rock Gaming, Caesars’ Ohio casino partner.Under the terms of the agreement, Rock Gaming has agreed to purchase approximately 6,155 common shares in Caesars Interactive Entertainment (CIE) for $30.4m in cash, and has agreed to purchase the same number of shares again on or before July 2nd. Subject to the successful completion of the agreement, Rock has an option to purchase a further 3,140 [...]

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