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New Deal


Announced

Completed

EBCI completed the acquisition of Caesars Southern Indiana from Caesars Entertainment for $250m.

Financials

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Transaction Value£185m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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casino

Friendly

Casinos and Gambling

casino operator

Acquisition

Private

Single Bidder

Domestic

United States

Majority

Completed

Synopsis

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Eastern Band of Cherokee Indians, a federally recognized Indian Tribe, completed the acquisition of Caesars Southern Indiana, a casino facility, from Caesars Entertainment, an operator of casino and hotel chains, for $250m. "Expanding our relationship with the Eastern Band of Cherokee Indians is an exciting event for Caesars Entertainment. Since our partnership began back in 1996, we have admired their growth and the success of their properties. We look forward to increasing our relationship by extending the Caesars brand and Caesars Rewards loyalty program to them at Caesars Southern Indiana," Tom Reeg, Caesars CEO.

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