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New Deal


Announced

Rubico Acquisition to acquire Harrah's Louisiana Downs Casino, Racing & Entertainment from Caesars Entertainment and VICI Properties for $22m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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casino operator

Friendly

Pending

Majority

Casinos and Gambling

Disposal

Private

Domestic

Acquisition

Single Bidder

United States

Synopsis

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Rubico Acquisition agreed to acquire Harrah's Louisiana Downs Casino, Racing & Entertainment, a horse racing track and racino located in Bossier City in northwestern Louisiana, from Caesars Entertainment, the largest casino-entertainment company in the US, and VICI Properties, an experiential real estate investment trust, for $22m. The transactions are expected to close at the end of 2020 or early 2021, and are subject to regulatory approvals and other closing conditions.

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