Caesars Entertainment
Caesars Entertainment Recognized as Best Employer for Veterans by Forbes America
Caesars Entertainment, the largest casino-entertainment company in the U.S., has been recognized as one of the Best Employers for Veterans by Forbes and Statista Inc., a leading statistics portal and industry ranking provider. Caesars has a long-standing commitment to Diversity, Equity and Inclusion, including the Company’s Business Impact Groups (BIGs), one of which, SALUTE, is dedicated to veteran Team Members.
SALUTE provides a supportive community for active-duty and veteran military Team Members, their spouses and allies. The group offers a community to share experiences and volunteer opportunities at veteran organizations across the country. With the help of SALUTE, Caesars has donated close to $1 million and volunteered more than 4,000 hours with local veteran groups.
“I served in the military for eight years; little did I know that afterward, a job offer extended by a fellow U.S. Marine would grow into a nearly 32-year career with Caesars Entertainment,” said Bill Gustafson, SVP & GM of Horseshoe Hammond, a Caesars Entertainment property. “I am honored to work for a company that makes a point to hire veterans and offers support both internally with SALUTE and externally through donations and volunteer hours that benefit veteran organizations. Caesars continuously recognizes the sacrifices our military makes in the name of liberty and democracy and offers support to whoever might need it.”
The Forbes list of the Best Employers for Veterans was conducted through an independent survey by Statista that included around 7,000 U.S. veterans working for companies employing at least 1,000 people within the U.S. Participants were asked to give their opinion on a series of statements related to general topics regarding their own employer, for example: atmosphere & development, image, working conditions, salary & wage, workplace, diversity, and a set of topics related specifically to the interests of veterans in the workplace, as well as a set of topics related specifically to the interests of veterans in the workplace. The full list of award recipients is now available on Forbes.com.
“We’re thrilled to be named as one of the Best Employers for Veterans,” said Heather Rapp, SVP of Corporate Social Responsibility for Caesars Entertainment. “But more importantly, we’re so honored to be able to support our active-duty and veteran Team Members and spouses by providing them with resources and a community to come together to discuss experiences and common issues. We’re proud and extremely thankful for their service and recognize the great sacrifices they have made for our country.”
Brownstein Hyatt Farber and Schreck LLP
Caesars Entertainment Closes Sale of the LINQ Promenade
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Entertainment
Caesars Entertainment Enters into Definitive Agreement to Sell the LINQ Promenade
Caesars Entertainment has announced that it has entered into an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. The sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.
“The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success,” said Tom Reeg, CEO of Caesars Entertainment.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck, LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Digital
Gaming Realms Launches Exclusive Blackjack Game on Caesars Entertainment’s iGaming Platforms
Gaming Realms, a leading provider of mobile-focused gaming content, has expanded its partnership with Caesars Entertainment with the launch of a new exclusive title, Caesars Blackjack X-Change.
Now live on Caesars Palace Online Casino and Caesars Sportsbook & Casino in New Jersey, Michigan, and Ontario. Caesars Blackjack X-Change is a reimagining of Gaming Realms’ popular Blackjack X-Change title, featuring a revamped aesthetic anchored by the Caesars brand and the excitement of the Las Vegas strip’s most iconic casino.
The game combines the thrill of traditional blackjack with an innovative X-change feature, allowing players to swap their cards between hands, adding a layer of depth and decision-making to classic blackjack gameplay. This title marks Gaming Realms’ second custom launch on Caesars’ digital platforms following the successful launch of Caesars Palace Slingo last year.
This latest collaboration emphasises Gaming Realms’ ability to provide localised content and branded games that align with operator and player needs. It follows other exclusive games made for leading operators worldwide such as MrQ, Superbet and Sky Betting & Gaming.
Gareth Scott, Chief Commercial Officer at Gaming Realms, said: “Our partnership with Caesars continues to be a resounding success, with players demonstrating a natural affinity for the strategic depth and variety offered by our portfolio. Building on the success of last year’s exclusive game, Caesars Blackjack X-Change is a natural progression in our ongoing collaboration and underscores the popularity of our titles with the operator.”
Matt Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital, said: “The launch of Caesars Blackjack X-Change on our platforms is another example of the exciting custom game content we aim to bring to our players on a regular basis. Our partnership with Gaming Realms has continued to deliver innovative concepts and new titles for our players. This exclusive title is a fun spin on the classic live casino game beloved by many players that offers a fresh and engaging experience.”
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