Caesars' Latest Venture Worth $1.18 Billion

Although it reported a $21.1 billion debt on March 31, 2013, Caesars Entertainment Corp will distribute rights to its shareholders to buy around 125 million shares of Caesars Acquisition Co. at $9.43 each, forming Caesars Growth Partners. The new venture will boost the balance sheet while funding further investments, it was specified.

Comprising Interactive Entertainment it will include social and mobile gaming, the World Series of Poker business and regulated online gambling; and Casino Properties and Development which is likely to include the Planet Hollywood Resort & Casino in Las Vegas and other businesses.

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