The Nevada-based operator will pay $1.7 billion in additional family expenses. The payment includes $1.63 billion in cash at closing and $75 million in deferred consideration. Industry officials explained that Caesars took a step further to further strengthen its presence in the U.S. gambling market. The acquisition is the latest in merger activity across the UK gaming sector. Caesars is also an important step for Caesars, which is expected to benefit from huge debts.
According to Caesars, Centaur has a solid customer base with more than 6.5 million players. Separately, Centaur Holdings has a strong loyalty program with 1.1 million members. The transaction is expected to close by June 2018, while currently awaiting the necessary regulatory approvals.
Under the acquisition deal, Caesars will take control of Hoosier Park Racing & Casino and Indiana Grand Racing & Casino. Both gambling facilities feature over 2,000 slot machines, table games and racetracks. Both gambling facilities are non-gambling, so both offer dedicated restaurants and bars to take advantage of the opportunity to attract customers of various interests. Currently, Caesars owns two gambling facilities in Indiana, including Hosson Hammond and South Horse Shoes.
A joint venture between Caesars and Centaur to strengthen their position
As may be recalled, Centaur announced plans to push for a takeover offer to stabilize from a continued fall in the freedom of gambling earnings. Interestingly, Centaur is not the only casino operator whose gambling profits have plummeted. The cause of a significant downturn is the supersaturated market, which fails to attract a new generation of players.실시간 바카라사이트
Many companies have joined forces to build a single, player-friendly gaming environment and strengthen their presence in the market, and the acquisition deal is also critical for the once-strapped Caesars, which bottomed out just three years ago.