Caesars Entertainment Completes Sale of Tropicana Evansville or $480 Million in Cash

Caesars Entertainment Completes Sale of Tropicana Evansville or $480 Million in Cash



Caesars Entertainment, Inc. (NASDAQ: CZR) today announced the closing of the sale of Tropicana Evansville to Gaming & Leisure Properties and Bally’s Corporation for aggregate consideration of $480 million in cash, subject to a customary working capital adjustment.

Tropicana Evansville - Exterior

Caesars Entertainment Completes Sale of Tropicana Evansville or $480 Million in Cash

Caesars Entertainment, Inc. (NASDAQ: CZR) today announced the closing of the sale of Tropicana Evansville to Gaming & Leisure Properties and Bally’s Corporation for aggregate consideration of $480 million in cash, subject to a customary working capital adjustment.

“I want to thank the Team Members of Evansville for all of their hard work and wish them continued success under Bally’s leadership,” said Tom Reeg, CEO of Caesars Entertainment, Inc.

Milbank LLP represented Caesars Entertainment on the transaction.

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