RENO, Nev. and LAS VEGAS, April 7, 2021 / PRNewswire / – Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the completion of the sale of MontBleu Resort Casino & Spa to Bally’s Corporation. The deal is in line with Caesars’ agreement with the Federal Trade Commission to dispose of the asset in connection with the Caesars-Eldorado merger that has been completed July 2020.
“I would like to thank the MontBleu team members for all of their hard work and dedication over the years with the Caesars organization, especially during the COVID-19 pandemic,” he said Tom Reeg, CEO of Caesars Entertainment, Inc. “We wish everyone continued success under Bally’s ownership.”
Macquarie Capital and Milbank LLP represented Caesars Entertainment on the transaction.
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the world’s most diversified casino entertainment providers. Since its inception in Reno, NevadaCaesars Entertainment grew in 1937 through the development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the brand names Caesars®, Harrah’s®, Horseshoe® and Eldorado®. Caesars Entertainment offers a variety of amenities and unique destinations, with an emphasis on creating loyalty and value for its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Please visit www.caesars.com/corporate for more information.
This press release contains forward-looking statements within the meaning of federal securities laws. You can identify these statements by the use of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “guide,” “intend,” “plan,” “project,” and similar expressions that refer do not focus on historical matters. All statements other than historical facts are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements, as they involve known and unknown risks, uncertainties and other factors that, in some cases, are beyond Caesars’ control and that could materially affect actual results, performance or success.
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SOURCE Caesars Entertainment, Inc.