Caesars Entertainment Increases Ownership Of Horseshoe Baltimore To 76%

  • Caesars Entertainment Inc CZR has acquired a minority interest in the Horseshoe Baltimore casino from one of its joint venture partners.
  • The company now owns 76% of Horseshoe Baltimore and will consolidate the property results on its financial statements.
  • The company held $1.1 billion in cash and equivalents as of June 30, 2021.
  • Price Action: CZR shares are trading higher by 3.76% at $103.75 on the last check Friday.
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