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Three transactions to 'strengthen' Caesars position
Caesars Entertainment Corporation (CEC) has announced three transactions that it believes will "strengthen" its position going forward as it eyes further growth in the coming years.
The casino and gaming operator has registered and listed a limited amount of shares on the NASDAQ stock exchange and secured amend-and-extend debt transaction.
CEC also announced a bond sale that, in combination with the debt transaction, to extend its maturity dates on a US$2.9bn (£1.8bn, EUR2.2bn) debt for a further three-to-five years.
It comes as the group posted a 0.2 per cent growth in revenues for the year to 31 December, as well as 64.5 per cent increase in income from operations.
CEC chair, president and chief executive officer Gary Loveman said: "Our overall operational performance, organizational streamlining, financial enhancements and growth projects already under way are positioning us for sustainable growth in the years ahead."
Details: www.caesars.com
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