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Stock Market & Financial Investment News

News Breaks
November 12, 2012
11:28 EDTCZRCaesar's Entertainment, Enjoy S.A. to form strategic relationship
Caesars Entertainment and Enjoy S.A. have signed a definitive agreement to form a strategic relationship in Latin America, one of the fastest growing casino gaming markets in the world. Under terms of the agreement, Enjoy will acquire 45% of Baluma S.A., the Caesars subsidiary which owns and operates the Conrad Punta Del Este Resort and Casino in Punta Del Este, Uruguay and Caesars will become a shareholder in Enjoy. Caesars and Enjoy will also cooperate on marketing and player development, increasing each company's distribution capacity and strengthening the value proposition to their customers through the ability to offer greater amenities to customers who consolidate their play with the two companies. Under the terms of the transaction, Enjoy will acquire 45% of Baluma S.A. for $139.5M in cash and stock. Following the transaction, Caesars will own 10% of Enjoy, which it will receive through the subscription of shares in a capital raising that Enjoy will conduct prior to closing. Enjoy will have the option to acquire the remaining stake in Baluma S.A, between years three and five of the relationship. Caesars will have the right to nominate one member to the Enjoy Board.
News For CZR From The Last 14 Days
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April 23, 2014
09:04 EDTCZRCaesar's to pursue gaming license in Orange County, New York State
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April 14, 2014
14:06 EDTCZRNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
April 13, 2014
17:42 EDTCZRCaesar's deal with second-lien bondholders could dilute shares, Barron's says
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April 9, 2014
10:33 EDTCZRBofA/Merrill's gaming analysts hold an analyst/industry conference call
Gaming Analysts provide an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies LVS, WYNN, MGM, PENN, PNK, CZR, BYD and IGT may be discussed on the Analyst/Industry conference call to be held on April 15 at 10:30 am.
10:20 EDTCZRHigh option volume stocks: CZR STZ TCK GIMO NCR

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