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Caesars Entertainment has completed the sale of Eldorado Resort s Casino Shreveport in the US to Bally’s Corporation. The sale, for $140m, satisfied the US Federal Trade Commission’s request to divest the asset in connection with the Caesars-Eldorado transaction that closed earlier in the year. Caesars acquired the Shreveport location 15 years go. Caesars is the largest casino entertainment company in the US after 63 years in business, now operating the Caesars, Harrah’s, Horseshoe and Eldorado brands.
December 24, 2020
Apollo Global Management won shareholder approval for its $1.9bn takeover of Great Canadian Gaming Corp, sealing a deal that had faced stiff opposition until the private equity firm increased its bid by 15 per cent. Holders of 79 per cent of the shares voting at a special meeting were in favour of the transaction, executives said on a webcast. That cleared the two-thirds hurdle needed for the deal to take effect. The acquisition is expected to close in the second quarter, but still needs regulatory approval. Great Canadian shares were down 0.1 per cent to C$43.5 as of 2:45pm yesterday in Toronto.