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CAESARS $1.18 BILLION ONLINE GAMBLING SHARES SALE

CAESARS $1.18 BILLION ONLINE GAMBLING SHARES SALE
 
October 17 will see investors given the opportunity to buy into the burgeoning US online gambling business.
 
Caesars Entertainment Corp. has set October 17 as the record date for rights to participate in a planned $1.18 billion stock sale that will include an interest in its burgeoning online gambling business, the Reuters news agency reported Friday.
 
On that date investors will be given the right to buy one share of Caesars Acquisition Co. for each share of the parent company they own.
 
The new company will be part owner, with Caesars, of a business dubbed Caesars Growth Partners that will be home to the company’s interactive gaming and two casinos.
 
Caesars Entertainment has a debt burden of over $23 billion after a 2008 leveraged buyout, and is raising the money for projects such as online gaming and new land casinos.
 
Reuters reports that in the past week, the company refinanced $4.9 billion in mortgage-backed securities and other debt, while raising $200 million in a stock offering.
 
Caesars is controlled by TPG Capital and Apollo Global Management LLC; the stock was priced at $20.67 in New York Thursday, and has almost tripled in value this year.



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3 Top Bitcoin Poker Sites - Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.

Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

$40,000,000 guaranteed Partypoker Powerfest - $40,000,000 guaranteed POWERFEST schedule released. 6th-20th May, 366 events, 13 events with $1,000,000+ guaranteed

888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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