Caesars Entertainment Corp. had hoped to test the public’s interest in its activities by offering some of the company’s shares for public sale but the effort was returned to the back burner because of market conditions.
Now, the project is going forward, says the company.
According to initial information, the company plans to list more than 1.8 million share of common stock on the NASDAQ Global Select Market under the trading banner of "CZR." Also, the company indicated some of its principals will join in the offering, bringing the total listing to about 28 percent of the company.
Pricing is expected to be between $8 and $10 per share.
GamingToday’s Micah Roberts went right back to the Oracle for a new Preakness pick and Jay Rood came up with his selection once he knew Union Rags was not headed to Pimlico.
An Internet gambling bill being considered by New Jersey lawmakers could allow Atlantic City’s casinos to take bets from people in other states or countries, although key details remain to be worked out.
The nation’s commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady, according to a report released Wednesday.
Revel, the $2.4 billion casino resort widely seen as Atlantic City’s best hope of survival, trailed most of its competition in its first month of operation, placing 8th out of the city’s 12 casinos.
New signs are up to direct visitors, the sidewalks have been power-washed, crosswalks have been freshly painted and 1,600 people have been hired to inaugurate the Horseshoe Casino Cleveland on Monday.
