Stratrix
On the Record · Caesars Holdings

Caesars Holdings acquisitions, on the record

The businesses Caesars Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
OpCo
Word for word“OpCo was acquired by CEC on the Effective Date for total consideration of $2.5 billion , which included a combination of cash and CEC common stock.” 10-K for 2017
acquisition—$2.5 billion
PropCo
Word for word“PropCo is a separate entity that is not consolidated by Caesars and, on the Effective Date, was sold to VICI Properties Inc., the real estate investment trust that was initially owned by certain former creditors of CEOC and is independent from CEC.” 10-K for 2017
divestiture——
Centaur Holdings, LLC
Word for word“On November 16, 2017, CEC announced it entered into a definitive agreement to acquire Centaur Holdings, LLC (“Centaur”) for $1.7 billion , including $1.6 billion in cash at closing and $75 million in deferred consideration.” 10-K for 2017
agreed acquisitionNovember 16, 2017—
approximately 18 acres of land adjacent to Harrah’s Las Vegas (Eastside Land)
Word for word“On December 22, 2017, we acquired approximately 18 acres of land adjacent to Harrah’s Las Vegas (the “Eastside Land”) for $74 million in cash.” 10-K for 2017
acquisitionDecember 22, 2017$74 million in cash
Horseshoe Baltimore
Word for word“a decrease of $139 million in net revenue due to the deconsolidation of Horseshoe Baltimore’s results subsequent to August 31, 2017.” 10-K for 2017
divestitureAugust 31, 2017—
SMG Business (social and mobile games business of Caesars Interactive Entertainment)
Word for word“On September 23, 2016 , Caesars Interactive Entertainment (“CIE”) sold its social and mobile games business (the “SMG Business”) to Alpha Frontier Limited (“Alpha Frontier”) for cash consideration of $4.4 billion , pursuant to the Stock Purchase Agreement dated as of July 30, 2016 (the “Purchase Agreement”), which resulted in a pre-tax gain of approximately $4.2 billion .” 10-K for 2017
divestitureSeptember 23, 2016$4.4 billion
Octavius Tower at Caesars Palace
Word for word“On July 11, 2018, we sold Octavius Tower at Caesars Palace (“Octavius Tower”) to VICI for $508 million in cash.” 10-K for 2018
agreed divestitureOn July 11, 2018$508 million in cash
Harrah’s Las Vegas real estate assets
Word for word“On December 22, 2017, we sold the real estate assets of Harrah’s Las Vegas for approximately $1.1 billion as part of a sale and leaseback transaction with VICI.” 10-K for 2018
divestitureOn December 22, 2017approximately $1.1 billion
Social and mobile games business (SMG Business)
Word for word“On September 23, 2016 , Caesars Interactive Entertainment (“CIE”) sold its social and mobile games business (the “SMG Business”) to Alpha Frontier Limited (“Alpha Frontier”) for cash consideration of $4.4 billion , pursuant to the Stock Purchase Agreement dated as of July 30, 2016 (the “Purchase Agreement”), which resulted in a pre-tax gain of approximately $4.2 billion .” 10-K for 2018
divestitureOn September 23, 2016cash consideration of $4.4 billion
OpCo (CEOC operating company)
Word for word“OpCo was acquired by CEC on the Effective Date and immediately merged with and into CEOC LLC.” 10-K for 2019
acquisition——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$0—
2017-12-31−$561 million$2.21 billion
2018-12-31$1.58 billion—
2019-12-31$0—

Deal filings since 2016

Read from Caesars Holdings’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.