 |
JCIR investor relations shop is advising Eldorado Resorts as it offers $8.6B to acquire Caesars Entertainment to create the nation’s biggest gambling company.
The combined entity will keep the Caesars name and have 60 US casino/resorts and gambling halls in 16 states. Eldorado and Caesars' shareholders will own 51 percent and 49 percent of the new NASDAQ-listed company, respectively.
The transaction calls for the sale of three Caesars properties—Harrah’s casinos in Atlantic City, Laughlin (Nev.) and New Orleans—to VICI Properties for $3.2B.
Eldorado CEO Tom Reeg said the merger will create “an extremely powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming.”
JCIR founder/president Joseph Jaffoni, senior managing director Richard Land and managing director James Leahy represent Eldorado.
Teneo’s Stephen Cohen handles Caesars.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.