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Announced

Completed

Metropolitan Gaming completed the acquisition of the European and African casino businesses of Caesars Entertainment.

Financials

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

Tags

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Single Bidder

Casinos and Gambling

Gaming

Friendly

Private

gaming

United Kingdom

Completed

Cross Border

Majority

Acquisition

Synopsis

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Silver Point Capital-backed Metropolitan Gaming, an investment company, completed the acquisition of the European and African casino businesses of Caesars Entertainment, a casino and hotel company. Financial terms were not disclosed. "The world, the global economy, and the hospitality industry have been rocked by the COVID-19 pandemic, but I believe that this team is well-positioned to lead a strong rebound of this business, benefitting from their experience and expertise, and a partner that is committed to invest. We intend to focus on job creation and investment in this historic business as we partner with our employees, regulators and the communities in which we operate to create a safe, fun and memorable experience for our customers that is second to none," Michael Silberling, Metropolitan Gaming CEO.

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