6, 2017 /PRNewswire/ - Caesars Entertainment Corporation Caesars Entertainment" or the "Company (nasdaq: CZR ) today announced the completion of its previously announced merger with Caesars Acquisition Company CAC and the conclusion of the restructuring of Caesars Entertainment Operating Company, Inc.
Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment.
We were the first casino group in the UK to introduce dynamic leisure facilities to its properties to make them true entertainment destinations; these include celebrity chef restaurants (.Among other projects, Caesars is developing an integrated resort in Incheon, South Korea, has announced plans to build a meetings and conference center in Las Vegas and has broken ground on a new Harrah's-branded goody slippers discount facility in Northern California.Caesars undertakes no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date the white stuff discount vouchers of this communication or to reflect the occurrence of unanticipated events, except as required by law.Caesars Entertainment is redefining the iconic Las Vegas skyline with The linq, an open-air retail, dining and entertainment district, anchored by the world's tallest observation wheel, known as the High Roller.A Simpler Operating Structure, under the terms of the previously announced merger, CAC stockholders each received.625 shares of Caesars Entertainment common stock per share of CAC Class A common stock.Investors are cautioned to not place undue reliance on these forward-looking statements, which speak only as of the date of this communication. .Caesars Entertainment has further enhanced its strong free cash flow profile through opportunistic refinancings that have resulted in combined interest savings of approximately 270 million.Taking Advantage of New Capital Structure.About Caesars Entertainment Corporation, caesars Entertainment is the world's most diversified casino-entertainment provider and the most geographically diverse.S.As a result of the restructuring, debt has been reduced by more than 16 billion, excluding the capitalization of the 640 million per year lease obligation."We are creating unique experiences and leveraging strategic partnerships to showcase the best of what Dubai can offer to its visitors.Forward Looking Information, this release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995.
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LAS vegas, April 15, 2018 /PRNewswire/ - Caesars Entertainment Corporation (nasdaq: CZR ) and Meraas Holdings LLC have announced that they have entered into a non-binding letter of intent for Caesars Entertainment to manage two luxury hotels and a beach club at Meraas' Dubai-based Bluewaters Island.Caesars Entertainment is well placed to support continued investment in growth and value creation opportunities, as well as initiatives targeting further enhancements in customer satisfaction and employee engagement, including: Leveraging Significant Presence in Growing Las Vegas.Forward-Looking Statements, this release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995 relating to the Bluewaters project described in this release and Caesars' growth strategy.Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. .These savings include the anticipated benefits of refinancing all Caesars Entertainment Resort Properties, LLC cerp and Caesars Growth Properties Holdings, LLC cgph debt.As a result of these transactions, the newly restructured Caesars Entertainment is positioned to further invest in its growth strategy and realize the benefits of a simpler and less leveraged capital structure.Caesars Entertainment will continue to update its room product in Las Vegas in line with its positive long-term outlook for this market.
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"Meraas is dedicated to implementing the vision of our wise leadership and consolidating Dubai's status as a global tourist destination in line with the Dubai Tourism Vision 2020 said His Excellency Abdulla Al Habbai, Group Chairman of Meraas.
These refinancings are expected to close later this year.
As Caesars Entertainment emea, we offer the best of the brand, with a diverse portfolio of gaming, entertainment, restaurants and bars at locations throughout the United Kingdom, South Africa and Egypt.