Новини от оператора
US – Caesars sells Las Vegas casino for $516.3m
By Фил - 23 септември 2019 г.
Caesars Entertainment is selling the Rio All-Suite Hotel & Casino to a company controlled by a principal of Imperial Companies for $516.3m, which implies a strong sales price to EBITDA multiple.
Under the terms of the agreement, Caesars will continue to operate the property pursuant to a lease for a minimum of two years and pay annualized rent of $45m. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year. At the end of the lease term and at the request of the Buyer, Caesars may continue to manage Rio or may provide transition services to the Buyer.
“This deal allows Caesars Entertainment to focus our resources on strengthening our attractive portfolio of recently renovated Strip properties and is expected to result in incremental EBITDA at those properties,” said Tony Rodio, CEO of Caesars Entertainment. “The retention of the World Series of Poker and retention of Caesars Rewards customers are all factors that make this a valuable transaction for Caesars.”
Споразумението позволява съсобственост върху специфични за Рио данни за гости и не поставя никакви ограничения върху маркетинговите дейности на Caesars. Rio ще продължи да бъде част от мрежата на Caesars Rewards по време на срока на наема и не се очаква транзакцията да доведе до промени в опита на гостите. World Series of Poker ще бъде домакин в Рио през 2020 г., а правата за хостинг ще останат за Caesars Entertainment след това.
