Caesars Entertainment, Caesars Acquisition To Merge - Quick Facts

(RTTNews) - Caesars Entertainment Corp. (CZR) and Caesars Acquisition Co. (CACQ) have agreed to merge in an all-stock transaction. The merged company would be one of the largest gaming and entertainment companies in the world.

Following the closing of the merger and the proposed restructuring of Caesars Entertainment Operating Company, Inc. or CEOC, the merged company would be well capitalized and positioned for sustainable long-term growth and value creation. Upon completion, Caesars Entertainment would own a collection of high-growth assets, including properties in destination markets and a majority stake in Caesars Interactive Entertainment, Inc. or CIE, and would operate a valuable network of domestic and international resorts and casinos.

The merged company, which would be the preeminent gaming and hospitality company in Las Vegas, would operate Caesars Palace and own 11 properties there, including nine casino resorts and the LINQ promenade and High Roller observation wheel. Also, the merged company would own CIE, Harrah's New Orleans, Harrah's Atlantic City, Harrah's Laughlin and Caesars Acquisition's current stake in Horseshoe Baltimore. The company's properties would remain connected through the Total Rewards loyalty network.

The merged company would conduct business as Caesars Entertainment and continue to trade on the NASDAQ under the ticker CZR.