Caesars Entertainment has Sold its Subsidiary toRock Gaming

04-08-2012

Caesars Entertainment group has recently sold one of its subsidiary as Caesars Interactive to another well-known group as Rock Gaming. The subsidiary of Caesars Interactive is the operator of online poker and other online casino games in Europe. In addition, this subsidiary is responsible for conducting one among the prestigious WSOP tournaments.

The news has highlighted in front of public from filling of S & E i.e. Securities and Exchange Commission. The filing has revealed that they have committed total 12,300 shares to Rock Gaming for consideration of $60.8 million. Initially, Rock Gaming has purchased only half of the issued shares from Caesars Entertainment group. Later, on 2nd of July, Rock Gaming has completed the acquisition of balanced shares. Lastly, on 15th of November, Rock Gaming may get the opportunity to made the acquisition of additional 3,140 shares for consideration of $19.2 million.


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