New Jersey casino commission approves Caesars reorganisation plan

  • 17th July 2017 | New Jersey, US
  • Caesars Entertainment Corporation and Caesars Entertainment Operating Company announced that the New Jersey Casino Control Commission granted the necessary regulatory approvals required for the merger of Caesars Acquisition Company (“CAC”) into Caesars Entertainment and for the reorganisation of CEOC.

    caesars-atlantic-city300In addition to regulatory approvals, the merger of CAC with and into Caesars Entertainment is subject to approval by stockholders of both companies and other customary closing conditions. CEOC’s restructuring is subject to the completion of the merger, certain financing activities and other customary closing conditions.

    In addition to New Jersey, the companies have received approvals from gaming authorities in Indiana, Pennsylvania, Iowa, Maryland, Mississippi and Illinois. Caesars Entertainment and CEOC continue to engage with regulators in three jurisdictions where approvals are required for certain aspects of CEOC’s restructuring.

    About Caesars Entertainment
    Caesars Entertainment Corporation is the world’s most geographically diversified casino-entertainment company. Since its beginning in Reno, Nevada, more than 73 years ago, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on four continents. The company is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.

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