운영자 뉴스
US – Caesars sells Las Vegas casino for $516.3m
By 필 - 23년 2019월 XNUMX일
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.”
이 계약은 Rio 특정 게스트 데이터의 공동 소유권을 허용하며 Caesars의 마케팅 활동에 제한을 두지 않습니다. Rio는 임대 기간 동안 계속 Caesars Rewards 네트워크의 일부가 될 것이며 거래로 인해 게스트 경험이 변경되지 않을 것으로 예상됩니다. World Series of Poker는 2020 년에 Rio에서 개최 될 예정이며 호스팅 권한은 Caesars Entertainment에 남아 있습니다.
